Gokaldas Exports Limited Approves Scheme of Amalgamation with BRFL Textiles Private Limited

Strategic Insights -

The Board of Directors of Gokaldas Exports Limited, at its meeting on August 09, 2025, approved the draft Scheme of Amalgamation of BRFL Textiles Private Limited with the Company and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The Scheme is subject to receipt of statutory, regulatory, and customary approvals, including those from BSE, NSE, the jurisdictional National Company Law Tribunal, and the shareholders and creditors of the companies involved. The Scheme will be made available on the Company's website after submission with the Stock Exchanges.

Key Takeaways:

  • The Board Meeting commenced at 8:27 AM and concluded at 8:34 AM on August 09, 2025.
  • The Scheme of Amalgamation involves BRFL Textiles Private Limited and Gokaldas Exports Limited, with the former's shareholders and creditors also being affected.
  • The Scheme requires approval from BSE, NSE, the National Company Law Tribunal, and shareholders and creditors of the companies involved.
  • The Board has approved the draft Scheme under Sections 230-232 of the Companies Act, 2013.
  • The Scheme will be available on the Company's website at www.gokaldasexports.com after submission with the Stock Exchanges.
  • SEBI's Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 has been referenced in the announcement.
  • The Board has considered and approved the draft Scheme of Amalgamation, subject to regulatory and statutory approvals.

Statistics:

  • The Board Meeting duration was 7 minutes, from 8:27 AM to 8:34 AM.
  • The Scheme of Amalgamation involves the Companies Act, 2013, sections 230-232.
  • The Scheme requires approval from BSE, NSE, the National Company Law Tribunal, and shareholders and creditors of the companies involved.

Sources:

  • National Stock Exchange of India - corporate announcement
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended
  • Companies Act, 2013
  • BSE Limited
  • National Stock Exchange of India Limited (NSE)
  • BRFL Textiles Private Limited
  • Gokaldas Exports Limited