MTAR Technologies Limited has received approval from the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench, for the amalgamation of its wholly-owned subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, with and into MTAR Technologies Limited. The order, dated October 28, 2026, sanctions the Scheme of Amalgamation, effective from the Appointed Date of April 1, 2025.
NCLT Approves Merger of Subsidiaries into MTAR Technologies
MTAR Technologies Limited has officially announced the sanctioning of its proposed Scheme of Amalgamation by the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench.
The order, dated October 28, 2026, approves the amalgamation of two wholly-owned subsidiaries, Gee Pee Aerospace and Defence Private Limited (Transferor Company 1) and Magnatar Aero Systems Private Limited (Transferor Company 2), with and into MTAR Technologies Limited (Transferee Company).
Key Details of the Amalgamation
The sanctioned Scheme of Amalgamation is set to be effective from the Appointed Date of April 1, 2025. The NCLT’s order confirms that the Transferor Companies will be dissolved without undergoing the process of winding up.
The merger aims to consolidate the businesses of the three entities into a single operational unit. This consolidation is expected to lead to reduced administrative costs, optimized operational efficiencies, and simplified corporate structure. The NCLT has directed the Petitioner Companies to comply with all statutory observations and has outlined specific provisions for the transfer of properties, liabilities, and the dissolution of the Transferor Companies.
Financial Implications and Compliance
As part of the amalgamation, the Transferee Company, MTAR Technologies Limited, will assume all properties and liabilities of the Transferor Companies. The order also specifies the handling of various financial and legal aspects, including MSME creditor dues and tax liabilities. The Transferee Company is mandated to comply with all applicable laws and regulations, including accounting standards prescribed under the Companies Act, 2013.
The NCLT has ordered the Petitioner Companies to file a certified copy of the order with the Registrar of Companies within 30 days for registration.
Source: BSE
