NCLT Sanctions Merger of Royal Spinwell and Developers into Royal Cushion Vinyl Products
1 report, 1 independent
Updated Oct 6
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What happened
The National Company Law Tribunal (NCLT) sanctioned the merger of Royal Spinwell and Developers Private Limited (RSDPL) with Royal Cushion Vinyl Products Limited (RCVPL). The merger was effective as of August 30, 2026, following the NCLT Order dated July 28, 2026. The board of RCVPL approved the allotment of 41,17,160 equity shares of face value ₹10 each at par.
From equitybulls.com
Why it matters
The allotment of these shares increases the paid-up equity share capital of RCVPL. The company's capital structure will rise from ₹36,58,84,620 to ₹40,70,56,220, represented by 4,07,05,622 fully paid-up equity shares of ₹10 each. These new shares are eligible to be listed and traded on the BSE.
From equitybulls.com