Cessation of Fifth Gear Ventures Limited as Subsidiary of the Company pursuant to Merger
We would like to inform you that the Company has received an intimation from Mahindra First Choice Wheels
Limited, a subsidiary of Mahindra Holdings Limited ('MHL') which is a Wholly Owned Subsidiary of the
Company, on 15th March, 2025 at 7.54 a.m. as under:
The Mumbai Bench of the National Company Law Tribunal ('NCLT'), on 11th February, 2025, had
sanctioned the Composite Scheme of Amalgamation and Arrangement of Fifth Gear Ventures Limited, a
wholly owned subsidiary of Mahindra First Choice Wheels Limited ('FGVL' or 'Transferor Company'),
with Mahindra First Choice Wheels Limited ('MFCWL' or 'Transferee Company') and their Respective
Shareholders ('Scheme'), the certified copy of which was received on 25th February, 2025.
A Certified Copy of the Order dated 11th February, 2025 sanctioning the Scheme has been filed
electronically by FGVL and MFCWL with the Registrar of Companies, Maharashtra, Mumbai on 15th March,
2025. Accordingly, the Scheme has become effective from 15th March, 2025.
Pursuant to the Scheme being made effective, FGVL has ceased to be a subsidiary of MFCWL and that of MHL and the Company with effect from 15th March, 2025 |
Cessation of Fifth Gear Ventures Limited as Subsidiary of the Company pursuant to Merger
We would like to inform you that the Company has received an intimation from Mahindra First Choice Wheels
Limited, a subsidiary of Mahindra Holdings Limited ('MHL') which is a Wholly Owned Subsidiary of the
Company, on 15th March, 2025 at 7.54 a.m. as under:
The Mumbai Bench of the National Company Law Tribunal ('NCLT'), on 11th February, 2025, had
sanctioned the Composite Scheme of Amalgamation and Arrangement of Fifth Gear Ventures Limited, a
wholly owned subsidiary of Mahindra First Choice Wheels Limited ('FGVL' or 'Transferor Company'),
with Mahindra First Choice Wheels Limited ('MFCWL' or 'Transferee Company') and their Respective
Shareholders ('Scheme'), the certified copy of which was received on 25th February, 2025.
A Certified Copy of the Order dated 11th February, 2025 sanctioning the Scheme has been filed
electronically by FGVL and MFCWL with the Registrar of Companies, Maharashtra, Mumbai on 15th March,
2025. Accordingly, the Scheme has become effective from 15th March, 2025.
Pursuant to the Scheme being made effective, FGVL has ceased to be a subsidiary of MFCWL and that of MHL and the Company with effect from 15th March, 2025 |