GFL Limited — JV/Acquisition, 12-02-2026: Amalgamation/Merger

GFL Limited's Board has approved the merger of its wholly-owned subsidiary, Inox Infrastructure, into GFL. This move aims to streamline the group structure, remove an intermediate corporate layer, and reduce administrative and compliance costs. As Inox is a wholly-owned subsidiary, no new shares will be issued by GFL, ensuring no change to its shareholding pattern. The merger is subject to NCLT and other statutory approvals. Inox Infrastructure, a real estate entity, had a net worth of ₹55.17 Cr and turnover of ₹0.17 Cr as of Sep 30, 2025. GFL, involved in investment product distribution, had a net worth of ₹2604.87 Cr and turnover of ₹1.84 Cr.