NCLT Sanctions Amalgamation of JB Chemicals and Pharmaceuticals with Torrent Pharmaceuticals
The amalgamation of J. B. Chemicals & Pharmaceuticals Limited with Torrent Pharmaceuticals Limited has been sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench. The decision, finalized on July 6, 2026, permits the merger of the two companies and their respective shareholders.The Scheme involves J. B. Chemicals & Pharmaceuticals Limited being absorbed into Torrent Pharmaceuticals Limited. This move aligns with provisions set forth in Sections 230 to 232 and other applicable sections of the Companies Act, 2013, as reviewed by the Tribunal.
According to the sanctioned order, the amalgamation will become officially effective following the filing of the certified copy of the Order with the Registrar of Companies. The company has stated that it will inform relevant parties regarding the date the Scheme becomes fully effective upon completion of the necessary regulatory step.
JBCHEPHARM Stock Price Movement
Today, shares of JB Chemicals & Pharmaceuticals Limited edged higher, settling at ₹2390 after gaining 1.07%. The equity reached its 52-week high during the trading session, with a total volume recorded of 169,754 shares today.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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