Semac Construction Limited Approves Merger with Wholly-Owned Subsidiary
Semac Construction Limited (SCL) has approved a scheme to merge its wholly-owned subsidiary, Semac Construction Technologies India Private Limited (SCTPL), into itself. The merger, effective from July 1, 2025, aims to streamline operations and enhance efficiency. No new shares will be issued as SCTPL is already a wholly-owned subsidiary. The move is expected to reduce regulatory compliances, simplify group structure, and decrease administrative overheads. SCL's Board also approved unaudited financial statements for Q2 2025 and set the date for the 48th Annual General Meeting.