Vardhman Textiles receives NCLT approval for scheme of amalgamation

Vardhman Textiles announced that the National Company Law Tribunal, Chandigarh Bench has sanctioned the Scheme of Amalgamation filed by the Company comprising of amalgamation of VMT Spinning Company (Transferor Company 1') and Vardhman Nisshinbo Garments Company ('Transferor Company 2') with Vardhman Textiles ('Transferee Company') ("Scheme"). The Tribunal has issued an electronic copy of the order sanctioning the Scheme on 30 March 2022.

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