Nitta Gelatin India Explores Merger with Subsidiary Bamni Proteins

1 min read     Updated on 31 Oct 2025, 03:17 PM
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Overview

Nitta Gelatin India Limited's Board of Directors has formed a committee to assess the feasibility of merging its subsidiary, Bamni Proteins Ltd, with the parent company. The decision was made at a board meeting on October 31st, 2025. The company has disclosed this development to stock exchanges in compliance with SEBI regulations. The committee will examine the viability and modalities of the potential merger, marking an exploratory phase in the company's corporate restructuring efforts.

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Nitta Gelatin India Limited , a leading manufacturer of gelatin and collagen peptide, has taken a significant step towards potential corporate restructuring. The company's Board of Directors has formed a committee to evaluate the feasibility of merging its subsidiary, Bamni Proteins Ltd, with the parent company.

Key Developments

  • Committee Formation: At a board meeting held on October 31st, 2025, Nitta Gelatin India's directors constituted a special committee.
  • Objective: The committee's primary task is to assess the viability of merging Bamni Proteins Ltd into Nitta Gelatin India Limited.
  • Scope of Evaluation: The committee will examine the feasibility and modalities for the potential merger.

Regulatory Compliance

In adherence to regulatory requirements, Nitta Gelatin India has disclosed this development to the stock exchanges. The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with its stakeholders.

Implications and Next Steps

The formation of this committee signals a serious consideration of the merger, but it's important to note that this is still an exploratory phase. The committee's findings will play a crucial role in determining whether Nitta Gelatin India proceeds with the merger.

Stakeholders should stay tuned for further announcements as the committee conducts its evaluation. Any decision to move forward with the merger would likely require additional approvals from the board, shareholders, and regulatory authorities.

This potential merger, if realized, could have implications for Nitta Gelatin India's operational structure and efficiency. However, the full impact can only be assessed once the committee completes its evaluation and presents its recommendations to the board.

As the situation develops, investors and market watchers will be observing how this potential corporate action might affect Nitta Gelatin India's market position and financial performance in the gelatin and collagen peptide industry.

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Nitta Gelatin India Appoints Vishnuraj P IAS as New Non-Executive Nominee Director

1 min read     Updated on 23 Sept 2025, 06:07 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Nitta Gelatin India Limited has appointed Shri. Vishnuraj P IAS as a Non-Executive Nominee Director, replacing Shri. Mir Mohammed Ali IAS, effective September 23, 2025. The appointment follows a nomination from Kerala State Industrial Development Corporation Limited (KSIDC), a promoter of the company. Vishnuraj P IAS, a 2019 batch IAS officer, currently serves as the Managing Director of KSIDC and holds additional key positions in the Kerala government. He brings diverse experience from roles in administration, industries, tourism, sports, and infrastructure development.

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*this image is generated using AI for illustrative purposes only.

Nitta Gelatin India Limited , a leading manufacturer of gelatin and collagen peptide, has announced a significant change in its board composition. The company has appointed Shri. Vishnuraj P IAS as a Non-Executive Nominee Director, replacing Shri. Mir Mohammed Ali IAS, effective September 23, 2025.

Board Reshuffle

The appointment comes following a nomination from Kerala State Industrial Development Corporation Limited (KSIDC), a promoter of Nitta Gelatin India. This change in directorship was communicated to the BSE Limited on the same day, adhering to the regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

About the New Director

Shri. Vishnuraj P IAS brings a wealth of experience and expertise to his new role:

  • IAS Officer: He is a 2019 batch Indian Administrative Service officer from the Kerala cadre.
  • Current Role: Serves as the Managing Director of KSIDC and holds additional charge as Director, Department of Industries & Commerce, and Special Officer (Plantations).
  • Educational Background:
    • B.Tech in Electronics & Communication Engineering from NIT Calicut
    • M.P.M. from JNU, New Delhi
    • LL.M. from NLU, Delhi

Professional Journey

Before his appointment to the IAS, Vishnuraj P served as an Indian Forest Service officer in 2018. His administrative career includes several key positions:

  • Assistant Collector, Malappuram
  • Sub Collector, Ernakulam
  • Deputy Secretary, PWD
  • Director, PIEMD
  • Director, Sports & Youth Affairs

These roles have provided him with diverse experience across industries, tourism, sports, plantations, and infrastructure development in Kerala.

Regulatory Compliance

In compliance with SEBI regulations, Nitta Gelatin India has affirmed that Shri. Vishnuraj P IAS is not debarred from holding the office of Director by any order from SEBI or any other authority. The company also disclosed that while Vishnuraj P IAS is not related to any Director of the company, another Director, Shri. A P M Mohamedhanish IAS, is also a Nominee of the promoter, KSIDC.

This strategic appointment is expected to bring fresh perspectives to Nitta Gelatin India's board, potentially influencing the company's future direction and governance.

Historical Stock Returns for Nitta Gelatin

1 Day5 Days1 Month6 Months1 Year5 Years
+1.35%+3.24%-0.30%+14.39%+11.65%+481.32%
Nitta Gelatin
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