GOCL Corporation Limited Receives 'No Objection' from NSE for Merger of Hinduja National Power

GOCL Corporation Limited Receives 'No Objection' from NSE for Merger of Hinduja National Power​

GOCL Corporation Limited has received a 'No Objection' observation letter from the National Stock Exchange of India Limited (NSE) regarding its proposed Scheme of Merger by Absorption of Hinduja National Power Corporation Limited (HNPCL). The scheme involves the merger of HNPCL (the Transferor Company) into GOCL Corporation Limited (the Transferee Company).

The announcement confirms that GOCL Corporation Limited received the Observation Letter on May 22, 2026, for the scheme of merger. This initiative was previously intimated to the Exchange, following the Board of Directors' decision approving the absorption of HNPCL into GOCL Corporation Limited.

The merger structure involves the respective shareholders of both companies under the provisions of the Companies Act, 2013.

While the 'No Objection' from NSE is a significant milestone, GOCL Corporation Limited stated that the proposed scheme remains subject to the receipt of various other applicable statutory and regulatory approvals. These required approvals include those from the Hon'ble NCLT (National Company Law Tribunal) and the shareholders of the respective companies, along with any other necessary authorities or bodies.

The observation letter from the National Stock Exchange of India Limited enables the Company to proceed with filing the draft scheme with the NCLT. The details of the scheme of merger and the 'No Objection' letter are key components in the ongoing corporate restructuring process for the energy sector.

GOCLCORP Stock Price Movement​

Today, GOCL Corporation Limited shares edged higher, closing at ₹328.45 and marking a gain of 7.27% for the session. The stock traded within a robust range of ₹304.2 to ₹333.55, accumulating significant interest on a total volume of 369,756 shares.