Ekam Leasing & Finance Co . Limited has announced that its Board of Directors approved a draft scheme of amalgamation with two wholly-owned subsidiary companies during a meeting held on January 31, 2026. The board meeting, which commenced at 3:00 PM and concluded at 6:10 PM, considered and approved the strategic consolidation proposal.

Details of the Amalgamation Scheme

The approved scheme involves the amalgamation of Rex Overseas Private Limited and S & S Balajee Mercantile Private Limited, both wholly-owned subsidiaries, with Ekam Leasing and Finance Co. Limited as the transferee company. The proposal is structured under Sections 230 and 232 of the Companies Act, 2013, and Reserve Bank of India (Non-Banking Financial Companies – Voluntary Amalgamation) Directions, 2025, dated November 28, 2025.

Strategic Rationale and Benefits

The company outlined several strategic objectives for the proposed amalgamation:

• Simplification of corporate and group structure
• Achievement of operational efficiencies and administrative convenience
• Consolidation of business operations
• Optimal utilisation of financial, managerial and operational resources

Under the scheme, all assets, liabilities, reserves and obligations of the transferor companies will be transferred to and vested in the transferee company. All employees of the subsidiary companies will become employees of the parent company without break in service and on terms not less favourable than their current arrangements.

Financial and Operational Impact

Since both transferor companies are wholly-owned subsidiaries, the amalgamation will not result in any changes to share capital or promoter shareholding. No consideration will be paid and no new shares will be issued pursuant to the scheme.

The financial consolidation will be implemented from the appointed date in accordance with applicable Indian Accounting Standards.

Regulatory Approvals Required

The scheme is subject to multiple regulatory approvals and sanctions from various authorities:

• Shareholders and creditors of the company and transferor companies
• Hon'ble National Company Law Tribunal (NCLT)
• Reserve Bank of India (RBI)
• Securities Exchange Board of India (SEBI)
• Registrar of Companies and other statutory or regulatory authorities

The effective date will be determined as the date on which the certified copy of the NCLT order sanctioning the scheme is filed with the Registrar of Companies. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ekam leasing & finance co Limited has announced a board meeting to consider a significant corporate restructuring involving the amalgamation of two wholly-owned subsidiaries. The company informed BSE on January 23, 2026, about this upcoming board meeting scheduled under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting is scheduled for Saturday, January 31, 2026, at 03:00 P.M. at the company's registered office located at No. 11, Rani Jhansi Road, (Motia Khan), M.M. Road, New Delhi - 110055.

Proposed Amalgamation Structure

The primary agenda of the board meeting involves considering and approving the proposed amalgamation of two wholly-owned subsidiaries with the parent company. Both subsidiaries are completely owned by Ekam Leasing and Finance Co. Limited, making this an internal corporate restructuring exercise.

Regulatory Compliance

The proposed amalgamation is subject to necessary approvals as may be required under applicable regulations. The company has fulfilled its disclosure obligations by informing the stock exchange about the board meeting in advance, as mandated under SEBI regulations.

Corporate Information

Ekam Leasing and Finance Co. Limited, incorporated in 1993, operates from its registered office in New Delhi. The company is listed on BSE with scrip code 530581. Managing Director Rakesh Jain (DIN: 00061737) signed the intimation notice sent to BSE on January 23, 2026.

The amalgamation, if approved, would consolidate the operations of the two subsidiaries into the parent company, potentially streamlining the corporate structure and operations of the group.