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News Topical, Digital Desk : On the exchange, the company informed that a major change has been made in the structure of the business. The company's dairy business has now been separated and moved to Panchmahal Properties Ltd (PPL), while the rest of the business and UDL itself have been merged with Bengal & Assam Company Ltd (BACL). This scheme has been approved by NCLT and now it has officially come into effect from 17 June 2025.
What has changed?
The dairy business of Umang Dairies has been transferred to PPL. The rest of the business of Umang Dairies and the entire company has been merged with Bengal & Assam. Now Umang Dairies Limited will cease to exist and it will become a part of BACL.
If you have shares of Umang Dairies, keep in mind the record date of June 27 and update the demat details.
What will the shareholders get? Under this, the record date has been kept on June 27, 2025, on the basis of which new shares will be given to the shareholders of UDL: For de-merger: - 1 share of BACL will be available for every 92 shares of UDL. For amalgamation: 1 share of BACL will be available for every 14,652 shares of UDL. Why was this step taken? The companies said that the purpose of this change is:- To focus separately on the dairy business and bring strategic investment in it. To make business operations simple and efficient. To reduce compliance costs and legal process. Which approvals were received? NCLT approval was received on April 4, which was revised on April 25. BSE and NSE did not raise any objection. Notice was also sent to RBI, Income Tax Department, RoC and GST officials and necessary documents were filed. Overall- This is a structural change for the investors of Umang Dairies. Now they will get BACL shares on the basis of two parts. This will enable the group companies to move forward with a more clear role and the dairy business will get a separate identity. If you have shares of Umang Dairies, then keep in mind the record date of June 27 and update the demat details.
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