NCLT Sanctions Amalgamation Scheme: J.B. Chemicals to Merge with Torrent Pharmaceuticals
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has sanctioned the Scheme of Amalgamation involving J. B. Chemicals & Pharmaceuticals Limited and Torrent Pharmaceuticals Limited.The sanction was granted by the Hon'ble NCLT vide an Order dated 6th July, 2026. This order pertains to the amalgamation of J. B. Chemicals & Pharmaceuticals Limited, referred to as the Transferor Company, with Torrent Pharmaceuticals Limited, designated as the Transferee Company, and their respective shareholders.
Torrent Pharmaceuticals Limited confirmed that it received the certified true copy of the Order on 7th July, 2026. The Scheme outlines the consolidation under the provisions of Sections 230 to 232 of the Companies Act, 2013, read with relevant Rules.
TORNTPHARM Stock Price Movement
Torrent Pharmaceuticals Limited pushed higher in the market today, closing at ₹4856.70 after gaining 0.62%. The stock notably traded near its 52-week high, demonstrating strong momentum as 536,006 shares were transacted during the session.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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