Ador Welding Limited — Updates, 08-11-2024: Scheme of Arrangement

Ador Welding Limited has received in-principle approval from the National Stock Exchange for listing 3,804,348 equity shares of Rs. 10 each. These shares will be allotted to shareholders under a recent Scheme of Amalgamation with Ador Fontech Limited, following a share exchange ratio of 5 new shares for every 46 shares held. Additional details can be found on the company’s website.