Bajaj Consumer Care has received the certified copy of the final order from the National Company Law Tribunal (NCLT), Jaipur Bench, approving the Scheme of Arrangement with Vishal Personal Care Limited. The scheme involves the demerger of Vishal Personal Care into Bajaj Consumer Care.
The approval comes under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The order was communicated via email on 13 April 2026, and Bajaj Consumer Care plans to collect the physical copy from the NCLT registry shortly.
The company will proceed to make the scheme effective by filing the certified copy of the NCLT order in the e-form INC-28 with the Registrar of Companies. This step is crucial for the formalisation of the arrangement, which has been in progress since the initial intimation on 24 July 2025.
The scheme aims to streamline operations and enhance shareholder value by integrating the businesses of the two companies. Bajaj Consumer Care and Vishal Personal Care shareholders are expected to benefit from the synergies created through this arrangement.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).