The Peria Karamalai Tea & Produce Company Limited — Others, 30-05-2025: Shareholders meeting

Peria Karamalai Tea & Produce Co Ltd has announced a board meeting to seek shareholder approval via postal ballot for a material related party transaction involving the merger of Placid Limited, in which it holds 17.43%, with Maharaja Shree Umaid Mills Limited. Under this Scheme of Amalgamation, Peria Karamalai will receive Maharaja Shree Umaid Mills shares valued at about Rs. 468.59 Cr. The merger is designed to enhance operational efficiency and strengthen business integration, presenting potential benefits for shareholders and stakeholders. Voting exclusion applies to related parties.