Kansai Nerolac Paints Limited files NCLT petition for amalgamation with Nerofix Private Limited

M&A / JV 24 Jun 2026 · In regulatory review· ✓ Verified

Kansai Nerolac Paints Limited, a publicly listed paint manufacturer, filed a Scheme of Amalgamation petition with the NCLT, Mumbai Bench. The hearing is scheduled for 29 July 2026. Nerofix Private Limited is the transferor company to be merged into Kansai Nerolac Paints. The statutory notice was mandatorily published in newspapers (Free Press Journal in English and Navshakti in Marathi) on 24 June 2026, as required under Companies Act §391/§393 read with NCLT Rules. This filing is at the pre-sanction stage and awaits NCLT's initial review and creditor/member meeting directions.

Why it mattersSubsidiary or related-party amalgamations under NCLT require dual-track approval: creditor/member meetings under the scheme, and final NCLT sanction; the statutory publication signals imminent hearings and sets timeline for shareholder/creditor objections under Companies Act §230–232.
Counsel—
SectorConsumer & Retail
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