Vipul Limited's merger with its five wholly-owned subsidiaries (Abhipra Trading, Graphic Research, United Buildwell, Vineeta Trading, Vipul Eastern Infracon) has been sanctioned by the NCLT.

This strategic move aims to boost operational efficiency, reduce costs, and consolidate operations into a stronger, single entity.

Crucially, existing shareholders face no dilution, as no new shares will be issued.

While the Income Tax Department flagged pending tax demands, the NCLT confirmed Vipul Limited will be fully responsible for all tax liabilities of the merged entities, with an effective date of April 1, 2022. #Merger #VipulLimited