NCLT has approved the merger of Sahyadri Agro and Dairy Private Limited with Horizontal Ventures Private Limited.

Sahyadri Agro is a wholly-owned subsidiary of Horizontal Ventures, which itself is a step-down subsidiary of Valor Estate.

This internal restructuring aims to simplify the corporate structure, consolidate resources for efficiency, and cut down on compliance and administrative costs.

As it's a merger of a wholly-owned subsidiary, there's no share swap ratio or direct shareholder dilution.

The scheme's appointed date is April 1, 2025, streamlining operations for the group.