Mallcom India Limited: NCLT Rejects Scheme of Amalgamation with Subsidiary
Mallcom (India) Limited's proposed scheme of amalgamation with its subsidiary, Mallcom VSFT Gloves Private Limited, has been rejected by the National Company Law Tribunal (NCLT), Kolkata Bench. The NCLT cited non-fulfillment of the 90% shareholder approval requirement as the reason for rejection. The company is evaluating further actions.
The rejection of the amalgamation scheme may impact the company's strategic restructuring efforts and potentially affect future operational efficiencies or financial integration.
The NCLT's rejection of the scheme of amalgamation is a negative development for the company's restructuring plans.
Mallcom (India) Limited has announced that the Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench, has not approved the Scheme of Amalgamation between the company and its wholly-owned subsidiary, Mallcom VSFT Gloves Private Limited. The NCLT’s order, dated July 9, 2026, was received by the company on August 12, 2026.
The tribunal cited that the requirement under Section 233(1)(b) of the Companies Act, 2013, which mandates approval from at least 90% of the shareholders, was not met. Consequently, the proceedings related to the Scheme pending before the Regional Director have been quashed.
The company is currently evaluating its next steps regarding this matter. A certified copy of the NCLT's order has been enclosed for information.
What to do with a filing like this
Mallcom (India) Limited filed this with the NSE as a statutory disclosure, categorised under amalgamation. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Mallcom (India) Limited. Read the original for the full detail.