Signature Green Corporation Files Application with NCLT for Merger of Arvind Foods
Signature Green Corporation Ltd, formerly known as Sagar Soya Products Limited, has filed an application with the Hon'ble National Company Law Tribunal (NCLT) in Mumbai. The filing relates to the Scheme of Merger by Absorption or Scheme of Amalgamation involving its wholly owned subsidiary, Arvind Foods Limited.The company sought necessary directions and orders from the NCLT under relevant provisions pertaining to the merger scheme.
The Scheme remains subject to approval by the Hon'ble NCLT, along with all other statutory and regulatory approvals and consents required for completion. Signature Green Corporation Ltd confirmed that it will keep the Stock Exchange informed of any future developments regarding this matter.
Stock Price Movement
Signature Green Corporation Ltd shares settled at ₹4.33 on Friday, posting a solid 4.84% gain for the day. The stock remained completely locked in trading throughout the session, with its intraday high and low both resting at ₹4.33.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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