Beacon Trusteeship Limited — JV/Acquisition, 16-09-2025: Amalgamation/Merger

Beacon Trusteeship is merging with three promoter-group firms: Beacon Payroll, Codium Techlabs, and Kratos Capital. This strategic move aims to create a full-service corporate solutions powerhouse, driving synergies, optimizing costs, and boosting cross-selling across HR, tech, and advisory services. Shareholders of Beacon Payroll get 85 BTL shares for 1; Codium Techlabs shareholders get 83 for 1; and Kratos Capital shareholders get 417 for 1. BTL shares are valued at ~INR 60. Post-merger, promoter holding rises from 46.15% to 57.72%, meaning dilution for existing public shareholders. Deal awaits approvals.