bn agrochem has received approval from the Competition Commission of India (CCI) for its proposed scheme of amalgamation with three transferor companies. The approval, communicated through a letter dated April 28, 2026, was granted under Section 31(1) of the Competition Act, 2002, marking a significant regulatory milestone for the proposed combination.

The scheme involves the amalgamation of A1 Agri Global Limited (Transferor Company 1), B.N. Agritech Limited (Transferor Company 2), and Salasar Balaji Overseas Private Limited (Transferor Company 3) with and into BN Agrochem Limited, formerly known as BN Holdings Limited (Transferee Company), along with their respective shareholders. The amalgamation is being executed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with rules made thereunder.

The CCI had received the combination notification on December 26, 2025, bearing Registration No. C-2025/12/1362. The Commission considered the proposed combination in its meeting held on April 28, 2026, and subsequently approved it. A separate order from the Commission in this regard will follow.

Key Details of the Amalgamation

The company had previously provided intimations to the stock exchanges regarding the scheme on June 28, 2025, December 17, 2025, and March 5, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The copy of the CCI letter has been made available on the company's website for stakeholder reference.

Company Information

BN Agrochem Limited has achieved a significant milestone in its amalgamation process by receiving an observation letter with 'no objection' from BSE Limited on March 04, 2026. The approval relates to the company's proposed scheme of amalgamation involving multiple entities under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Amalgamation Structure and Timeline

The scheme involves the amalgamation of three transferor companies with and into BN Agrochem Limited (formerly known as BN Holdings Limited). The company had previously submitted intimations regarding this amalgamation on June 28, 2025 and December 17, 2025.

Regulatory Compliance and Documentation

The observation letter from BSE has been made available on the company's website for stakeholder access. The approval comes with comprehensive guidelines and requirements that the company must fulfill during the amalgamation process. BSE has provided detailed observations based on SEBI's letter dated February 06, 2026, which includes specific compliance requirements.

Key regulatory requirements include:

• Obtaining No-objection letter from NSE under regulation 59A of LODR Regulations, 2015
• Disclosure of all ongoing adjudication and recovery proceedings against the company, promoters, and directors
• Compliance with SEBI circulars and transfer of all liabilities from transferor to transferee company
• Inclusion of unlisted company information in the format specified for abridged prospectus

Shareholding Pattern and Transparency Requirements

BSE has mandated prominent disclosure of shareholding pattern changes in all communications to public shareholders. The company must clearly present the impact of the scheme on promoter and public shareholding percentages, ensuring transparency in decision-making processes.

Next Steps and Validity

The scheme remains subject to various statutory and regulatory approvals from respective shareholders and creditors of all companies involved in the amalgamation, as required under Sections 230 to 232 of the Companies Act, 2013. The observation letter from BSE carries a validity period of six months from March 04, 2026, within which the scheme must be submitted to the National Company Law Tribunal (NCLT).

The company has fulfilled its obligation under Regulation 30 by informing BSE Limited about receiving the no-objection letter and making the documentation available to all stakeholders through proper channels.