Antony Waste Handling Cell Ltd - Strategic Business Restructuring: Optimising Operations for Enhanced Efficiency and Growth

Antony Waste Handling Cell Limited ("AWHCL"), India's leading integrated solid waste management company, has proposed a scheme of Merger by Absorption of AG Enviro Infra Projects Private Limited (Transferor Company) with Antony Waste Handling Cell Limited (Transferee Company) and their Respective Shareholders and Creditors. This initiative is designed to optimize the group structure, strengthen operational synergies, and deliver superior services to clients. It strategically aligns with the Company's vision to drive long-term operational efficiencies, reduce costs, and optimize resource utilization, ultimately improving management bandwidth.

Commenting on the Merger, Jose Jacob, Chairman & Managing Director, Antony Waste Handling Cell Limited said, "We are delighted to announce the proposed merger of AG Enviro Infra Projects Private Limited with Antony Waste Handling Cell Limited, a strategic move aligned with our long-term vision. This merger is designed to create substantial value for all stakeholders, including shareholders, clients, employees, and creditors.

By integrating AG Enviro's services-such as waste collection, segregation, transportation, and processing-into Antony Waste Handling Cell Limited, we aim to optimize resource allocation, eliminate redundancies, and achieve operational synergies. This streamlined structure will enhance overall efficiency, reduce overhead costs, and maximize stakeholder value. Furthermore, the merger leverages the expertise of a skilled workforce to improve service delivery to our clients while generating long-term benefits.

The merger also strengthens the entity's competitive position in the market, enhancing its ability to secure largescale contracts from municipalities and industries".

Shares of Antony Waste Handling Cell Limited was last trading in BSE at Rs. 524.15 as compared to the previous close of Rs. 499.45. The total number of shares traded during the day was 7020 in over 556 trades.

The stock hit an intraday high of Rs. 529.55 and intraday low of 500.00. The net turnover during the day was Rs. 3643904.00.

Source : Equity Bulls

Keywords

AntonyWasteHandlingCell INE01BK01022 AWHCL Merger BusinessRestructuring AGEnviroInfraProjects