United Foodbrands Ltd Announces NCLT Approval for Subsidiary Amalgamation Scheme
United Foodbrands Limited has announced the approval of a Scheme of Amalgamation involving two of its subsidiaries, Blue Planet Foods Private Limited and Red Apple Kitchen Consultancy Private Limited. The amalgamation, aimed at streamlining the corporate structure, has been sanctioned by the National Company Law Tribunal (NCLT), Bengaluru Bench.The scheme involves the amalgamation between Blue Planet Foods Private Limited, which serves as the Transferor Company, and Red Apple Kitchen Consultancy Private Limited, which functions as the Transferee Company. Both entities are subsidiaries of United Foodbrands Limited.
The Hon'ble National Company Law Tribunal granted the approval for the Scheme of Amalgamation on May 29, 2026. United Foodbrands Limited received the order from the Tribunal on June 2, 2026.
The amalgamation scheme is planned to become effective upon the filing of the certified copy of the Tribunal's order with the Registrar of Companies, starting from the Appointed Date of April 1, 2024.
The core details of the approved amalgamation are summarized below:
| Detail | Description |
|---|---|
| Company Name | United Foodbrands Limited (Formerly Barbeque-Nation Hospitality Limited) |
| Event | Scheme of Amalgamation |
| Transferor Company | Blue Planet Foods Private Limited |
| Transferee Company | Red Apple Kitchen Consultancy Private Limited |
| Approving Authority | National Company Law Tribunal, Bengaluru Bench |
| Approval Date | May 29, 2026 |
| Order Receipt Date | June 2, 2026 |
| Appointed Date | April 1, 2024 |
UFBL Stock Price Movement
Today, United Foodbrands Limited shares edged higher, closing at ₹487.2, marking a 1.43% gain. The stock traded within a range of ₹470 to ₹493.5 today, accumulating volume from 90,837 shares.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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