Dollar Industries Limited files Composite Scheme of Arrangement with notice to equity shareholders and unsecured creditors

IBC 20 Jun 2026 · Announced· ✓ Verified

Dollar Industries Limited, a leading Indian intimate apparel and activewear manufacturer, has issued newspaper notices per the regulatory framework for schemes of arrangement under the Companies Act 2013. The composite nature indicates the scheme addresses both equity and creditor claims, likely involving elements such as debt-for-equity swap, asset restructuring, or merger. Newspaper publication is a mandatory prerequisite before filing a petition with the National Company Law Tribunal (NCLT) under ss. 230–232 CA 2013. The next stage will be convening of constituent meetings, obtaining requisite majorities (three-fourths in value), and subsequently NCLT sanction.

Why it mattersComposite schemes under ss. 230–232 CA 2013 require dual constituent approval (equity + creditors) before NCLT sanction; the choice of composite (rather than singular) scheme indicates creditor claims are material to the restructuring and may signal distressed leverage or significant operational adjustment.
Counsel—
SectorConsumer & Retail
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