India, March 13 -- Dalmia Bharat said that the Hon'ble National Company Law Tribunal (NCLT), Guwahati Bench, has approved the Scheme of Arrangement between Dalmia Cement (North East) Limited and Vinay Cement Limited, both subsidiaries of Dalmia Bharat Limited.
As per the order dated February 21, 2025, the scheme involves the demerger and transfer of the cement and mining business operations of Vinay Cement Limited (Transferor Company) to Dalmia Cement (North East) Limited (Transferee Company), effective from the Appointed Date of March 31, 2023. The arrangement has been approved under Sections 230 to 232 of the Companies Act, 2013.
Dalmia Bharat Limited clarified that it is not directly involved in the scheme and no shares are being issue...