Bengal & Assam Company Ltd — Updates, 18-06-2025: Company Update

Bengal & Assam Company Limited has announced a board meeting on the financial results for the quarter and half-year. Separately, a composite Scheme of Arrangement involving Umang Dairies Limited (UDL), Panchmahal Properties Limited (PPL), and Bengal & Assam Company Limited (BACL) has become effective. The scheme entails demerging UDL's dairy business into PPL and subsequently amalgamating the residual UDL into BACL. This restructuring aims to unlock value in the dairy business, enhance operational focus, attract strategic partners, simplify the holding structure, reduce compliance, and improve resource utilization. Share exchange ratios have been fixed: one BACL share for every 92 UDL shares for the demerger, and one BACL share for every 14,652 UDL shares for the amalgamation. The scheme includes transfer of assets, liabilities, employees, contracts, licenses, and tax benefits. UDL will dissolve without winding up post-amalgamation. The restructuring has received all necessary approvals, including from the National Company Law Tribunal and applicable authorities.