The National Company Law Tribunal (NCLT) Mumbai has granted approval for the merger between AG Enviro and Antony Waste Handling Cell . This regulatory clearance marks a significant milestone in the corporate restructuring process for the waste management company.

Regulatory Approval

The NCLT Mumbai's decision enables the completion of the merger between the two entities. The tribunal's approval is a crucial step in the consolidation process, allowing the companies to proceed with their integration plans.

Corporate Development

This merger represents a notable development in the waste management sector, bringing together AG Enviro and Antony Waste Handling Cell under a unified structure. The regulatory approval paves the way for the combined entity to move forward with its operational integration.

The completion of this merger will depend on fulfilling any remaining regulatory requirements and procedural formalities as mandated by the NCLT.

Antony Waste Handling Cell Limited has received final approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for its merger with AG Enviro Infra Projects Private Limited. The tribunal pronounced its final order on December 18, 2025, sanctioning the scheme of merger by absorption with an appointed date of April 1, 2025.

NCLT Final Order Details

The NCLT Mumbai passed its final order in Company Petition No. C.P.(CAA)/179/MB/2025 c/w C.A.(CAA)/106/MB/2025 following a hybrid hearing held on December 18, 2025. The order approves the merger by absorption of AG Enviro Infra Projects Private Limited (transferor company) with Antony Waste Handling Cell Limited (transferee company) and their respective shareholders and creditors.

Merger Rationale and Benefits

The scheme aims to achieve several strategic objectives for both companies. Since AG Enviro Infra Projects is a wholly-owned subsidiary of Antony Waste, no consideration will be payable, and no shares will be allotted in exchange. The shares held by Antony Waste in AG Enviro will stand cancelled on the effective date.

Key Benefits Expected:

• Operational Consolidation: Streamlined operations leading to improved efficiency and cost savings
• Enhanced Service Portfolio: AG Enviro's expertise in municipal solid waste and construction & demolition waste management
• Simplified Corporate Structure: Elimination of inter-corporate dependencies and administrative complexities
• Strengthened Market Position: Enhanced ability to secure large-scale contracts from municipalities and government bodies
• Carbon Credit Opportunities: Combined expertise in waste-to-energy and carbon credit generation

Compliance and Implementation

The companies have fulfilled all statutory requirements, including serving notices to concerned authorities under Section 230(5) of the Companies Act, 2013. The Regional Director (Western Region), Mumbai, and Official Liquidator have filed their reports with satisfactory observations.

Next Steps

Antony Waste must file a certified copy of the NCLT order with the Registrar of Companies within 30 days of receipt. The company must also submit the order to the Superintendent of Stamps for stamp duty adjudication within 60 days. Upon completion of these formalities, AG Enviro Infra Projects will be dissolved without winding up, and all its assets, liabilities, and operations will be absorbed by Antony Waste.

The merger represents a significant step in Antony Waste's corporate restructuring strategy, aimed at creating operational synergies and strengthening its position in the waste management sector.