Summary
- The NCLT Mumbai has sanctioned a Composite Scheme of Arrangement for Guardian Nutrition & Healthcare Private Limited, allowing the demerger of its Nutrition Products Division into Idam Natural Wellness Private Limited.
- The scheme includes the cancellation of 11,16,974 equity shares at Rs. 59 per share, totaling Rs. 6,59,01,466, with compliance undertakings addressing various regulatory concerns.
- The Tribunal set appointed dates for capital reduction on December 31, 2025, and demerger on January 1, 2026, while preserving the Income Tax Department's scrutiny rights.
- This ruling could reshape operational strategies within the nutrition sector and may invite further regulatory scrutiny post-implementation.
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