Gloster Limited — JV/Acquisition, 22-05-2026: Amalgamation/Merger

NCLT has approved the merger of Gloster Lifestyle Limited and Gloster Specialities Limited, both wholly-owned subsidiaries, into Gloster Limited. This move aims to optimize capital, strengthen assets, and boost overall efficiency, ultimately creating greater shareholder value. As the merging entities are wholly-owned, no new shares of Gloster Limited will be issued, ensuring no change in its shareholding pattern. Gloster Limited's paid-up share capital stands at 10.94 Cr, while each subsidiary has a paid-up capital of 0.04 Cr. This consolidation simplifies the group structure.