Dalmia Bharat announced that the National Company Law Tribunal (NCLT), Guwahati Bench, has approved a Scheme of Arrangement between its subsidiaries, Vinay Cements and Dalmia Cement (North East).
As per the NCLT order dated February 21, 2025, the Scheme involves the demerger and transfer of the cement and mining business operations from Vinay Cement, a subsidiary of Dalmia Cement, to Dalmia Cement (North East), another material subsidiary of the company.
The Scheme is effective from the appointed date of March 31, 2023, and has been sanctioned under Sections 230 to 232 of the Companies Act, 2013, Dalmia Bharat said in a regulatory filing on March 13.
Dalmia Bharat clarified that it is not a party to the Scheme, and no shares will be issued by or to the company as part of this arrangement. Both subsidiaries will continue to operate under the company’s umbrella post-approval.
