Further to letter dated 12th April, 2023, Nilkamal has informed that the Scheme of Amalgamation of Nilkamal Storage Systems with Nilkamal is now effective. The Effective Date is April 22, 2023. Being amalgamation of 100% subsidiary, there is no consideration as per the Order of Hon'ble NCLTs of Mumbai and Ahmedabad.
The above information is a part of company’s filings submitted to BSE.