The Phoenix Mills Limited has announced the effective date for the scheme of merger and amalgamation between several of its step-down subsidiaries and its subsidiary, Astrea Real Estate Developers Private Limited. This corporate action, approved by the National Company Law Tribunal (NCLT), is now officially registered with the Registrar of Companies, marking a key step in the group’s restructuring efforts.
Merger Becomes Effective
The Phoenix Mills Limited has officially confirmed the effective date of a significant scheme of merger and amalgamation. This corporate restructuring involves the merger of multiple step-down subsidiaries, namely Coimbatore Sameera Investments Private Limited, Dhanalakshmi Engineering Private Limited, Pulankinar Investment and Finance Private Limited, Shanthi Chandran Enterprisers Private Limited, and Shanthi Chandran Investments Coimbatore Private Limited, with its subsidiary, Astrea Real Estate Developers Private Limited.
Regulatory Approval and Filing
The approval for this merger was previously granted by the Hon’ble National Company Law Tribunal (NCLT), Chennai Bench. Following this approval, The Phoenix Mills Limited, along with the involved transferor and transferee companies, has successfully filed the certified true copy of the NCLT Order in e-Form INC 28 with their Jurisdictional Registrar of Companies. This filing, made on September 10, 2026, officially marks the scheme’s effective date, signifying the completion of the regulatory process for the amalgamation.
This development is a crucial step in the company’s strategic consolidation and organizational streamlining, with potential implications for the group’s operational and financial structure moving forward.
Source: BSE
