Kalpataru Limited receives NCLT order permitting withdrawal of demerger scheme
Kalpataru Limited has received an Order from the National Company Law Tribunal (NCLT), Mumbai Bench Court III, Special Bench, allowing for the withdrawal of a specific Scheme of Arrangement related to its subsidiary.The order was received by the company on July 8, 2026.
This action concerns the withdrawal of the Scheme of Arrangement for the demerger of an undertaking from Kalpataru Properties Limited, a wholly-owned subsidiary of the parent company. The scheme involved the transfer of Project Magnus, located in Bandra (East), Mumbai, from Kalpataru Properties Limited into Kalpataru Limited on a going concern basis.
The withdrawal process followed a previous approval by the Executive Committee of the Board of Directors of Kalpataru Limited, which had approved the withdrawal of the Scheme of Arrangement for demerging the undertaking, dating back to June 2, 2026.
Kalpataru Limited confirmed that the NCLT Order permits this withdrawal, concluding the matter regarding the demerger.
KALPATARU Stock Price Movement
On Wednesday, shares of Kalpataru Limited slipped by 4.00% to settle at ₹286.5, after the equity shed ₹11.90 in trading. The stock movement took place within a range that included a day low of ₹284.95 and was traded a volume of 57,512 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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