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Shilpa Medicare Limited is merging with its wholly owned subsidiary, INM Technologies Pvt. Ltd., aiming to streamline operations and optimize costs. The scheme has been approved with an effective date set to April 1, 2024. As INM is fully owned by Shilpa Medicare, no new shares will be issued, so there will be no dilution for existing shareholders. Post-merger, the subsidiary INM Nuvent Paints Pvt. Ltd. will become a direct wholly owned subsidiary of Shilpa Medicare. The merger is expected to consolidate assets and liabilities under Shilpa Medicare, improving financial efficiency.