Amalgamation of SGS Infosystems, SGS Tekniks, and Syrma SGS Technology Limited
Syrma SGS Technology Limited has announced the approval of its amalgamation scheme with SGS Infosystems Private Limited (“Transferor Company No. 1”) and SGS Tekniks Manufacturing Private Limited (“Transferor Company No. 2”). The National Company Law Tribunal (NCLT), Mumbai, issued its order on December 4, 2024, directing the publication of newspaper advertisements regarding the notice of hearing for the scheme. These advertisements appeared on December 20, 2024, in the English daily Business Standard and the Marathi daily Navshakti. Copies of the NCLT order and the advertisements are available on the company’s website.
Key Developments and Timeline
A joint petition under Sections 230 to 232 of the Companies Act, 2013, was submitted by the three companies on September 27, 2024, to seek approval for the proposed scheme. The NCLT hearing for this petition is scheduled for February 5, 2025, in Mumbai.
Stakeholders wishing to support or oppose the petition must submit a notice of their intent to the advocate for the petitioner companies at least two days prior to the hearing. Opposing parties must also include their grounds for objection or a copy of their affidavit. A copy of the petition is available for inspection upon payment of the prescribed fee.
Registered Offices of the Companies Involved
- SGS Infosystems Private Limited: Unit No. 406, 4th Floor, Dalamal Tower Premises Co-operative Housing Society Ltd., Plot No. 211, Free Press Journal Marg, Nariman Point, Mumbai, Maharashtra – 400021, India.
- SGS Tekniks Manufacturing Private Limited: Unit No. 406, 4th Floor, Dalamal Tower Premises Co-operative Housing Society Ltd., Plot No. 211, Free Press Journal Marg, Nariman Point, Mumbai, Maharashtra – 400021, India.
- Syrma SGS Technology Limited: Unit No. 601, 6th Floor, Floral Deck Plaza, MIDC, Andheri (East), Mumbai, Maharashtra – 400093, India.
This amalgamation aims to streamline operations and enhance efficiency under the unified entity of Syrma SGS Technology Limited.
