Master Components Limited Receives 'No Objection Certificate' from NSE for Amalgamation Scheme
Master Components Limited has received the 'No Objection Certificate' (NOC) from the National Stock Exchange of India Limited (NSE) concerning the scheme of amalgamation involving Master Moulds Private Limited with Master Components Limited, and their respective shareholders and creditors.The company confirmed the receipt of this observation letter from the NSE on April 10, 2026. This development relates to the Scheme of Amalgamation of Master Moulds Private Limited, referred to as the Transferor Company, with Master Components Limited, or the Company/Transferee Company, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
The scheme remains subject to various statutory and regulatory approvals, as well as the requisite approvals from the shareholders and creditors of the companies involved. A copy of the observation letter from NSE is available on the company's website.
NSE Observations and Requirements
The observation letter from the NSE also reflected comments issued by SEBI, which stipulated several points the Company must address regarding the draft scheme. The validity of the 'Observation Letter' is noted to be six months from April 10, 2026, within which the Scheme must be submitted to the NCLT.The NSE's observations covered a comprehensive range of disclosures required for the scheme of arrangement, emphasizing transparency for public shareholders. Key areas mandated for disclosure included:
- Shareholding Pattern: Prominently disclosing the shareholding pattern of Promoter/Promoter Group and Public shareholders both before and after the implementation of the scheme.
- Rationale and Impact: Providing details on the need for the merger, the rationale of the scheme, the synergies of the businesses, the impact on shareholders, and a cost-benefit analysis.
- Financial Details: Disclosing the pre and post scheme net worth of both the Transferor and Transferee companies using financials no older than six months from the date of the NOC from the Stock Exchange. Additionally, details of Revenue, PAT, and EBIDTA for the last three years are required.
- Valuation Reports: Providing details from the Registered Valuer issuing the Valuation Report and the Merchant Banker issuing the Fairness opinion, including the summary of methods considered for the Share-Swap Ratio.
The observation letter specified that the proposed equity shares issued under the 'Scheme' must mandatorily be in demat form only.
Transaction Entities
The involved entities in the scheme are:| Company Name | Role |
|---|---|
| Master Moulds Private Limited | Transferor Company |
| Master Components Limited | Transferee Company |
Master Components Limited is noted as being formerly known as MASTER COMPONENTS PRIVATE LIMITED and is an IATF16949 : 2016 & ISO 9001 : 2015 Certified Company. The Company's registered office is located at Plot No. D-10/A & D-10/B, MIDC Ambad, Nashik- 422010.
MASTER Stock Price Movement
Today, Master Components Limited shares edged higher to close at ₹334, gaining 4.38% in post-market trading. The equity settled for the day on a total volume of 500 shares.Source:
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