NSEAmalgamation/Merger6d ago · 4 Nov 2026, 03:39 am
Amalgamation/Merger
Belding India Limited · BELDING
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Belding India Limited has informed the Exchange about keeping in abeyance the Draft Scheme of Amalgamation between DC&T Global Private Limited and Belding India Limited due to potential operational impact on DC&T. The Company will reconsider the proposed transaction at an appropriate time.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Belding India Limited has informed the Exchange about Amalgamation/Merger
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BELDING_04112026033929_Abeyance_of_Scheme_Covering_Page.pdf
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November 04, 2026
To, To,
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Bandra Kurla
Dalal Street, Mumbai- 400001 Complex (E), Mumbai- 400051
Scrip Code: 513307 Symbol: BELDING
Sub.: Update under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 made on July 30, 2026 on Scheme of Amalgamation (by way of Merger by
Absorption).
Dear Sir/ Ma’am,
In continuation of our intimation dated July 30, 2026, and pursuant to Regulation 30 of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“Listing Regulations”), we hereby inform you that the Board of Directors of the Company, at its
meeting held on November 03, 2026, has, inter alia, considered and approved keeping in abeyance
the Draft Scheme of Amalgamation between DC&T Global Private Limited (“Transferor Company”) and
Belding India Limited (“Transferee Company”) and their respective Shareholders and Creditors (“Draft
Scheme”).
After considering the commercial and operational aspects of the proposed transaction and the growth
opportunities available with DC&T, the Board noted that the amalgamation, at this stage, could have
an operational impact on the opportunities available to DC&T. In order to avoid such impact, the
Board has decided to keep the Draft Scheme in abeyance.
The Company shall reconsider the proposed transaction at an appropriate time, and any further
action in this regard shall be taken after obtaining the requisite approvals of the Board and/or other
authorities, as applicable, in accordance with applicable laws. The Company will keep the stock
exchanges informed of any material developments in this regard.
Accordingly, the Draft Scheme at this stage is not pursued and has no impact, financial or otherwise,
on the operations of the Company or DC&T Global Private Limited.
The meeting of Board of Directors commenced at 09:30 P.M. (IST) on November 03, 2026 (IST) and
concluded at 12:50 A.M (IST) on November 04, 2026.
Kindly take the same on record.
Yours Faithfully,
For Belding India Limited
Prasanna Prashant Jagtap
Company Secretary and Compliance Officer
(Formerly known as Synthiko Foils Limited)
Regd. Off.: 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar,
Shivajinagar, Pune-411007, Maharashtra, India I CIN: L63119PN1984PLC248366
Contact No.: +91 9156426003 I Email Id: compliance@belding.in I Website: www.belding.ltd