Ekam Leasing & Finance Company Ltd — Important, 12-05-2026: Company Update

Ekam Leasing and Finance Co. Limited received a First Motion Order from the NCLT for the amalgamation of its wholly-owned subsidiaries, Rex Overseas (net worth 12.99 Cr) and S & S Balajee Mercantile (net worth 22.00 Cr), with itself (net worth 6.65 Cr). The NCLT allowed dispensing with most meetings but directed Ekam Leasing's equity shareholders to meet and approve the scheme, citing its relatively lower net worth. This merger aims to simplify the corporate structure, reduce costs, and enhance operational efficiency for the combined entity, with no change in Ekam Leasing's management, control, or shareholding pattern.