ITC Limited has announced the successful sanctioning and formalization of the Scheme of Amalgamation involving Sresta Natural Bioproducts Private Limited and Wimco Limited. Following legal approvals, the merger process reached a significant milestone with the filing of certified court orders. As of the 1st of June, 2026, both entities will be dissolved, with their respective international subsidiaries transitioning into direct ownership under the parent company, marking a streamlined structural shift for the organization.
Completion of Merger Formalities
ITC Limited has confirmed that the Scheme of Amalgamation for Sresta Natural Bioproducts Private Limited and Wimco Limited with the Company has been officially sanctioned by the Hon’ble National Company Law Tribunal. Certified copies of these orders have been filed with the Registrar of Companies in West Bengal and Telangana, ensuring the successful legal conclusion of the merger process.
Strategic Timeline and Effective Dates
The transition is governed by specific dates outlined in the scheme. The Appointed Date for the amalgamation was set for 13th June, 2025 for Sresta and 1st April, 2025 for Wimco. The companies have now confirmed that the Effective Date for the integration is 1st June, 2026, at which point both companies will be dissolved without winding up.
Impact on Subsidiary Structure
Following the dissolution of Sresta and Wimco on the Effective Date, the corporate structure will see a direct consolidation of international assets. Specifically, the two subsidiaries previously held by Sresta—Sresta Global FZE based in the UAE and Fyve Elements LLC based in the USA—will be integrated directly as wholly owned subsidiaries of ITC Limited. This consolidation simplifies the company’s organizational framework and aligns its global operations more closely under the parent entity.
Source: BSE
