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Belrise Industries Withdraws Amalgamation Scheme with H-One India

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Belrise Industries Withdraws Amalgamation Scheme with H-One India

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Belrise Industries Limited ( (IN:BELRISE) ) has issued an announcement.

Belrise Industries Limited has announced the withdrawal of its Scheme of Amalgamation with its wholly-owned subsidiary, H-One India Private Limited. The decision to withdraw the scheme, initially filed with the National Company Law Tribunal (NCLT), was influenced by jurisdictional challenges and strategic realignment. The company plans to file a fresh application with the NCLT Mumbai Bench, indicating a shift in its operational strategy.

More about Belrise Industries Limited

Average Trading Volume: 1,285,572

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