DCW to merge subsidiaries after tribunal order

DCW Ltd. is proceeding with the amalgamation of Dhrangadhara Trading Company Private Limited and Sahu Brothers Private Limited into itself, following an order from the National Company Law Tribunal, Ahmedabad Bench. Meetings for equity shareholders, secured creditors, and unsecured creditors are scheduled for Saturday, November 15, 2025, to approve the scheme via video conference or other audio-visual means.

The scheme aims to streamline the promoter group’s shareholding structure in DCW, which holds 0.43% and 17.77% of total equity shares. This will result in direct shareholding by promoters, reducing tiers and reinforcing commitment without impacting DCW’s paid-up share capital or financial position. Regulatory approvals have been received from BSE Limited and National Stock Exchange of India Limited.

As consideration, DCW will issue 1,280,500 fully paid equity shares of INR 2/- to Dhrangadhara Trading Company shareholders and 52,459,860 fully paid equity shares of INR 2/- to Sahu Brothers shareholders. The amalgamation is expected to benefit shareholders, creditors, and other stakeholders, with all costs borne by the transferor companies or the promoter group.