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Shilpa Medicare Limited is merging its wholly owned subsidiary, INM Technologies Private Limited, into itself to streamline operations and leverage synergies. The amalgamation will take effect from April 1, 2024. No new shares will be issued as INM is fully owned by Shilpa Medicare, so shareholders won’t face dilution. INM’s subsidiary, INM Nuvent Paints Pvt Ltd, will also become Shilpa Medicare’s wholly owned subsidiary through share transfer. The merger is expected to optimize tax outflows by offsetting INM’s accumulated losses against Shilpa Medicare’s profits, strengthening overall financial health.