Corporate actions13 Oct 2026 · Mon night
GOODLUCKGoodluck India
Goodluck India's board widens its restructuring to merge subsidiaries into the parent
Goodluck India's board has approved an expanded corporate restructuring that includes amalgamating its subsidiaries into the parent company.
Price, Monday's close₹566.35▲ 13.21%
Last 5 days
52-week low ₹305.0052-week high ₹585.00
- Sector
- Engineering
What happened
- Sahi reported in-principle board approval to amalgamate two wholly owned subsidiaries, Goodluck Defence and Aerospace and Goodluck Green Energy, into Goodluck India.
- ScanX described the decision as an expanded restructuring that includes the amalgamation of Goodluck Defence and Aerospace.
- Sahi said the scheme still needs statutory approval and filing with the National Company Law Tribunal.
- The shares closed at ₹566.35 on Monday, up 13.21%, per ScanX's round-up.
Why it matters
Good to know: An amalgamation folds a subsidiary's assets and liabilities into the parent, so the two stop being separate companies. It needs approval from the tribunal.
Key facts
- Subsidiaries named
- Goodluck Defence and Aerospace; Goodluck Green Energy (per Sahi)
- Status
- In-principle board approval
- Next step
- Statutory approvals and NCLT filing (per Sahi)
Read the source
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