DB Realty has announced that a scheme of merger has been entered into between Sahyadri Agro and Dairy Private Limited (“SADPL”) and Horizontal Ventures Private Limited (“HVPL”). SADPL is a wholly-owned subsidiary of HVPL, a step-down subsidiary of DB Realty. The Scheme has been filed with the National Company Law Tribunal (“NCLT”), Mumbai.
Merger of Subsidiaries
DB Realty has announced the merger of Sahyadri Agro and Dairy Private Limited (“SADPL”) with Horizontal Ventures Private Limited (“HVPL”). The announcement was made on October 7, 2025.
Details of the Scheme
The merger involves Sahyadri Agro, the “Transferor Company”, and Horizontal Ventures, the “Transferee Company”. The company has filed the scheme with National Company Law Tribunal (“NCLT”), Mumbai today.
Financial Details
Based on unaudited provisional management certified financial statements as of July 31, 2025:
Sahyadri Agro and Dairy Private Limited:
- Paid-up Capital: ₹708.17 Lakhs
- Net worth: ₹6,570.60 Lakhs
- Turnover: ₹5,671.89 Lakhs
Horizontal Ventures Private Limited:
- Paid-up Capital: ₹1400.56 Lakhs
- Net worth: ₹(22,924.05) Lakhs
Effective Date
The appointed date of the Scheme would be April 1, 2025, or another date as directed or approved by the NCLT, Mumbai.
Rationale for the Merger
The Transferor Company is a direct wholly owned subsidiary of the Transferee Company. The proposed amalgamation of Transferor Company with the Transferee Company would result in the following benefits:
- Elimination of a multi-layered holding structure by merging legacy companies.
- Operational and administrative synergies and reduction of duplicative legal and regulatory compliance requirements.
Source: BSE