Acro Paints Ltd and JK Maxx Paints Ltd merger approved

The scheme of Amalgamation sanctioning merger of Acro Paints Limited (step down subsidiary of the Company) with JK Maxx Paints Ltd (wholly owned subsidiary of the Company) has been approved by the Regional Director (NR) on May 03, 2024. The Management is in the process to obtaining/amending PF/ESIC Registration for JK Maxx Paints Ltd and other necessary statutory formalities. The Scheme shall become effective upon completion of all statutory formalities and upon filing of the certified copy of the Order with the Registrar of Companies/Ministry of Corporate Affairs within 30 days from 3.5.24.

Shares of JK Cement Limited was last trading in BSE at Rs. 3946.55 as compared to the previous close of Rs. 3906.15. The total number of shares traded during the day was 1079 in over 429 trades.

The stock hit an intraday high of Rs. 3956.65 and intraday low of 3879.35. The net turnover during the day was Rs. 4232592.00.

Source : Equity Bulls

Keywords

JKCement INE823G01014 AcroPaints JKMaxxPaints Merger Approved