Panther Industrial Products Ltd to Amalgamate with Shivang Edibles Oils Limited
Panther Industrial Products Limited announced the Board of Directors' approval for a Scheme of Amalgamation with Shivang Edibles Oils Limited. The Board meeting was held on April 08, 2026, and the approval covers the amalgamation between Panther Industrial Products Limited, acting as the Transferor Company, and Shivang Edibles Oils Limited, acting as the Transferee Company.The proposed Scheme is subject to necessary statutory and regulatory approvals, including the approval of the jurisdictional bench of the National Company Law Tribunal.
Amalgamation Scheme Details
The details pertaining to the scheme of amalgamation, as required, confirm the amalgamation of Panther Industrial Products Limited (PIPL) into Shivang Edibles Oils Limited (SEOL).Key details regarding the entities involved in the amalgamation are presented below:
| Particulars | PIPL (Transferor Company) | SEOL (Transferee Company) |
|---|---|---|
| Share | 1.40 | 2.05 |
| Worth (As at 31.03.2025 in crores) | 121 | 9.24 |
| Turnover (As at 31.03.2025 in crores) | 0.20 | 359.95 |
The rationale behind the amalgamation includes reviving the Loss-Making Transferor Company, optimal utilization of the Listed Platform, improving Net Worth and Financial Metrics, and achieving diversification and risk mitigation. The management stated that the pooling of financial, managerial, and technical resources is expected to lead to increased competitive strength and cost reduction.
Share Exchange Ratio
Upon the Scheme becoming effective, Shivang Edibles Oils Limited shall issue and allot Equity Shares to every member of Panther Industrial Products Limited, other than Shivang Edibles Oils Limited. The specific ratio announced is:One (1) Equity Share of the face value of Rs. 10/- each fully paid up of the Transferee Company shall be issued and allotted for every 19 (Nineteen) fully paid-up equity shares held by the equity shareholders of Panther Industrial Products Limited.
Post-Merger Shareholding Pattern
The expected shareholding pattern of Panther Industrial Products Limited following the effectiveness of the Scheme is as follows:| Shareholders | No. of Shares | % of Total |
|---|---|---|
| Saimangal Investrade Tid (Promoter & Promoter Group) | 686,337 | 1.6970% |
| Public Shareholders (Existing Public) | 713,670 | 1.76459% |
| Shivang Garg (Allotted) | 3,89,34,800 | 96.26609% |
| Anupam Arora (Allotted) | 95,000 | 0.23499% |
| Manish Jain (Allotted) | 1,900 | 0.0047% |
| Manoj Agarwal (Allotted) | 1,900 | |
| Prabhat Jain (Allotted) | 1,900 | |
| Renu Goyal (Allotted) | 3,800 | |
| Richa Agarwal (Allotted) | 1,900 | |
| Tanmay Agarwal (Allotted) | 1,900 | |
| Yogesh Kumar Garg (HUF) (Allotted) | 1,900 | |
| Total | 4,04,45,007 | 100.0000% |
Stock Price Movement
At the close of trade Friday, Panther Industrial Products Ltd settled at ₹44.96, posting zero change for the day. Throughout the session, the stock remained completely flat, locked at the ₹44.96 mark for both its intraday high and low.Source:
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