Divine Power Energy Limited Approves Modifications to Amalgamation Scheme with Viraj Upkram Private Limited

Divine Power Energy Limited Approves Modifications to Amalgamation Scheme with Viraj Upkram Private Limited​

Divine Power Energy Limited, a manufacturer of Winding Wires and Strips (Fiberglass/DPC/DCC/SE), has approved key modifications to its scheme of amalgamation involving Viraj Upkram Private Limited. The Board of Directors confirmed the revised Scheme after considering several necessary amendments pertaining to corporate objects and clerical details.

The company's board meeting on June 19, 2026, reviewed and endorsed changes to the Schedule relating to the merger between Divine Power Energy Limited and Viraj Upkram Private Limited. One significant modification involved revising Paragraph 13.3 of the Scheme.

This revision addresses the Object Clause of the Transferee Company. The amended text clarifies that the object clause of the Transferee Company is substantially similar to, and encompasses, the objects of the Transferor Company. Furthermore, it stipulates that subsequent to the scheme becoming effective, the main objects of Viraj Upkram Private Limited will be incorporated into the memorandum of association of Divine Power Energy Limited if they are not already covered. The company clarified that consent from the shareholders of the Transferee Company is deemed sufficient for this object amendment.

In addition to the substantive corporate changes, the Board also carried out certain clerical and typographical corrections within the revised Scheme. These corrections related to addresses appearing on specific pages of the document.

The Directors noted that these modifications do not alter the commercial understanding, rights, obligations, consideration, share exchange ratio, or the overall implementation mechanism under the Scheme. Consequently, Divine Power Energy Limited approved the revised Scheme for submission as required by stock exchanges and other regulatory authorities. The details of the revised Scheme are available on the company's website.

DPEL Stock Price Movement​

Divine Power Energy Limited stock settled higher today, gaining 0.85% and closing the trading session at ₹475.70. The shares traded within a narrow range, hitting a low of ₹473 and a high of ₹479.25 amid a volume of 15,000 shares.