Bengal & Assam Co: UDL merger record date set

Bengal & Assam Company Limited (BACL) has announced the effective date of its Scheme of Arrangement with Umang Dairies Limited (UDL) after receiving necessary approvals from the National Company Law Tribunal (NCLT) in Allahabad and Kolkata. The certified copies of the orders have been filed with the respective Registrar of Companies. The record date for determining UDL shareholders eligible for BACL equity shares has been fixed as June 27, 2025. As part of the de-merger of the dairy business, one equity share of BACL, with a face value of INR 10 each, will be issued for every 92 equity shares held in UDL, which have a face value of INR 5 each. For the amalgamation of the residual business, one equity share of BACL, with a face value of INR 10 each, will be issued for every 14,652 equity shares held in UDL, also with a face value of INR 5 each.