Aesthetik Engineers Limited is progressing with the absorption of La Reliant Aluminium Limited.

The merger aims to achieve business synergies and expand scale for the combined entity.

While a share-swap ratio forms part of the scheme, specific figures are not detailed in this update.

The National Stock Exchange has issued its 'no objection' letter, a crucial step enabling Aesthetik Engineers to file the merger plan with the National Company Law Tribunal (NCLT). The company is required to file with NCLT within six months and will provide details on the shareholder impact.