NewsNCLT Sanctions Amalgamation of Sresta Natural Bioproducts and Wimco Limited with ITC; Effective Date Set as 1st June, 2026NCLT Sanctions Amalgamation of Sresta Natural Bioproducts and Wimco Limited with ITC; Effective Date Set as 1st June, 2026
The NCLT, Kolkata and Hyderabad Benches, has sanctioned the amalgamation of Sresta Natural Bioproducts Private Limited and Wimco Limited with ITC Limited, with the Effective Date confirmed as 1st June, 2026. The Appointed Dates are 13th June, 2025 for Sresta and 1st April, 2025 for Wimco. Upon the Effective Date, both entities will be dissolved without winding up, and Sresta's subsidiaries — Sresta Global FZE, UAE and Fyve Elements LLC, USA — will become direct wholly owned subsidiaries of ITC Limited.
*this image is generated using AI for illustrative purposes only.
ITC Limited has informed stock exchanges that the Scheme of Amalgamation of Sresta Natural Bioproducts Private Limited (Sresta) and Wimco Limited (Wimco) with the company has been sanctioned by the Hon'ble National Company Law Tribunal, Kolkata and Hyderabad Benches. The disclosure was made on 7th May, 2026, further to an earlier communication dated 1st August, 2025. Certified copies of the respective orders have been filed with the Registrar of Companies, West Bengal and Telangana.
Key Dates Under the Scheme
All conditions specified under Clause 30.1 of the Scheme have been mutually acknowledged as fulfilled by the concerned companies. The Appointed Dates and the Effective Date have been formally determined in accordance with the relevant clauses of the Scheme. The following table summarises the key dates:
| Parameter: | Details |
|---|---|
| Appointed Date – Sresta | 13th June, 2025 (as per Clause 4.3) |
| Appointed Date – Wimco | 1st April, 2025 (as per Clause 4.4) |
| Effective Date | 1st June, 2026 (as per Clause 4.8) |
| Filing Date | 7th May, 2026 |
| NCLT Benches | Kolkata and Hyderabad |
Impact on Corporate Structure
With effect from 1st June, 2026, being the Effective Date, both Sresta and Wimco will be dissolved without winding up and will accordingly cease to be subsidiaries of ITC Limited. As a direct consequence of the amalgamation, the two subsidiaries of Sresta — Sresta Global FZE, UAE and Fyve Elements LLC, USA — will become direct wholly owned subsidiaries of ITC Limited.
Disclosure and Compliance
The communication was signed by R. K. Singhi, Executive Vice President & Company Secretary of ITC Limited, and was addressed to the listing departments of the National Stock Exchange of India Ltd. and BSE Ltd. The disclosure was made under Regulation 30, in compliance with applicable listing obligations.
Historical Stock Returns for ITC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.02% | -2.37% | +3.02% | -23.91% | -28.69% | +58.27% |
How will ITC leverage Sresta's organic food business and its international subsidiaries (Sresta Global FZE and Fyve Elements LLC) to expand its presence in global organic and natural products markets?
What synergies does ITC expect to realize from the Wimco amalgamation, and how might this impact ITC's agri-business and matchstick/forestry segments going forward?
Could the direct ownership of Sresta Global FZE (UAE) and Fyve Elements LLC (USA) signal ITC's intent to accelerate international expansion, and which geographies might be prioritized next?
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
