Acquiring Company
Shyam Sel and Power Limited
Acquired Company
Shree Venkateshwara Electrocast Private Limited
KolkataIndiaEnergyOil And GasFinancial ServicesFintechDescription
The NCLT, Kolkata Bench, approved the amalgamation of Shree Venkateshwara Electrocast Private Limited into its wholly owned subsidiary, Shyam Sel and Power Limited, with an order dated October 16, 2026. The transfer covers the entire undertaking with an appointed date of April 1, 2024, and no new shares are being issued. The stronger transferee company is absorbing the financially weaker transferor's operations.
Who to call at Shyam Sel and Power Limited, and when
When Shyam Sel and Power Limited changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Shree Venkateshwara Electrocast Private Limited?
Shree Venkateshwara Electrocast Private Limited was acquired by Shyam Sel and Power Limited, based in Kolkata. The deal was reported on October 22, 2026. Shyam Sel and Power Limited is a wholly owned subsidiary of Shyam Metalics & Energy Limited. It is the transferee company in a scheme of amalgamation approved by the NCLT, Kolkata Bench. Shyam Sel and Power Limited is privately held and operates in Energy.
When did Shyam Sel and Power Limited acquire Shree Venkateshwara Electrocast Private Limited?
Shyam Sel and Power Limited's acquisition of Shree Venkateshwara Electrocast Private Limited was reported on October 22, 2026. The NCLT, Kolkata Bench, approved the amalgamation of Shree Venkateshwara Electrocast Private Limited into its wholly owned subsidiary, Shyam Sel and Power Limited, with an order dated October 16, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Shree Venkateshwara Electrocast Private Limited do?
Shree Venkateshwara Electrocast Private Limited is a company whose entire undertaking is being transferred to Shyam Sel and Power Limited. It reported accumulated losses and eroded net worth in its FY25 and FY24 standalone financial statements. It is privately held, operating in Financial Services, and is based in India.
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