NewsCorporate ActionsMetroglobal Limited Completes Promoter Group Amalgamation with Shareholding ConsolidationMetroglobal Limited Completes Promoter Group Amalgamation with Shareholding Consolidation
Metroglobal Limited has successfully completed the amalgamation of three promoter group entities as approved by NCLT, with the transferee company renamed to Maiden Tradefinprivate Limited. The consolidation resulted in 64.73% shareholding being vested in a single entity, while maintaining the same overall promoter shareholding percentage and control structure.
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Metroglobal Limited has announced the successful completion of the amalgamation process involving three promoter group entities, following the National Company Law Tribunal (NCLT) approval received earlier. The company has informed BSE Limited about the completion of this corporate restructuring under Regulation 30 of SEBI regulations.
Amalgamation Implementation Details
The NCLT Ahmedabad Bench had sanctioned the scheme of amalgamation under Sections 230-232 of the Companies Act, 2013, with an appointed date of April 01, 2024. The transferee company filed Form INC-28 with the Registrar of Companies, which was approved on November 27, 2025, making the scheme effective.
| Parameter: | Details |
|---|---|
| NCLT Order Date: | September 12, 2025 |
| Appointed Date: | April 01, 2024 |
| Form INC-28 Approval: | November 27, 2025 |
| Transferor Company 1: | Anil Dyechem Industries Private Limited |
| Transferor Company 2: | Maiden Tradefinprivate Limited (Pre-merger) |
| Transferee Company: | Amaze Trading and Investment Private Limited |
Certificate of Incorporation and Name Change
The Ministry of Corporate Affairs, Central Processing Centre, issued a Certificate of Incorporation pursuant to change of name on December 12, 2025. The transferee company's name has been changed from Amaze Trading and Investment Private Limited to Maiden Tradefinprivate Limited, in accordance with the approved composite scheme of amalgamation.
Shareholding Consolidation Impact
The completion of the amalgamation has resulted in significant consolidation within the promoter group structure. All shareholdings of the three promoter group companies in Metroglobal Limited have now vested into the merged entity.
| Shareholding Structure: | Pre-Merger | Post-Merger |
|---|---|---|
| Number of Entities: | 3 | 1 |
| Amaze Trading & Investment: | 5,66,156 shares (4.59%) | - |
| Anil Dyechem Industries: | 28,92,082 shares (23.45%) | - |
| Maiden Tradefinprivate (old): | 45,25,251 shares (36.69%) | - |
| Maiden Tradefinprivate (new): | - | 79,83,489 shares (64.73%) |
| Total Promoter Holding: | 64.73% | 64.73% |
Regulatory Compliance and Control Structure
The company has emphasized that this amalgamation represents an inter-se consolidation within the promoter group, with no change in the overall promoter shareholding percentage in Metroglobal Limited. The restructuring does not result in any change in control over the company, as the promoter group remains the same with only internal reorganization taking place.
Corporate Status Update
Following the merger completion, Metroglobal Limited's status has changed from "not a subsidiary" to "subsidiary of the merged entity." However, the company maintains that there is no change in control, and the promoter group structure remains fundamentally unchanged despite the internal consolidation.
Historical Stock Returns for Metroglobal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.51% | -4.71% | -3.02% | -8.46% | -24.75% | +133.30% |
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