Syrma SGS Technology has received approval from the National Company Law Tribunal (NCLT) for its amalgamation scheme. The scheme involves the merger of SGS Infosystems Private Limited and SGS Tekniks Manufacturing Private Limited with Syrma SGS Technology Limited. The approval was granted on October 7, 2025, following a petition filed under Sections 230-232 of the Companies Act, 2013.
Amalgamation Receives Green Light
Syrma SGS Technology announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has approved the Scheme of Amalgamation. The approval was granted on October 7, 2025, following the company’s petition.
Details of the Amalgamation
The amalgamation scheme involves the merger of the following entities into Syrma SGS Technology Limited:
- SGS Infosystems Private Limited (Transferor Company-1)
- SGS Tekniks Manufacturing Private Limited (Transferor Company-2)
The original petition was filed under Sections 230-232 of the Companies Act, 2013. The appointed date for the effectiveness of the scheme is April 1, 2023.
Rationale Behind the Scheme
The company anticipates several benefits from the amalgamation, including:
- Preventing cost duplication.
- Bringing in financial efficiencies.
- Streamlining management structure.
- Improving cash management.
Capital Structure
As of March 31, 2023, the authorized share capital of Syrma SGS Technology stood at INR 2,120,000,000, consisting of 200,000,000 Equity Shares and 1,200,000 Preference Shares. The issued, subscribed, and fully paid-up share capital was INR 1,767,778,420.
Source: BSE
