NCLT Mumbai Sanctions Pradeep Metals' Merger With Nami Capital, Effective on ROC Filing

Pradeep Metals Limited said the National Company Law Tribunal, Mumbai Bench V, sanctioned the amalgamation of Nami Capital Private Limited into the listed forgings maker on October 29, 2026. ScanX reported the order and the share exchange ratios set out in the scheme.

Pradeep Metals' Nami Capital Share Exchange

The Tribunal fixed October 1, 2026 as the appointed date. Equity shareholders of Nami Capital receive 19,007 new Pradeep Metals shares for every 300 existing shares, while preference shareholders receive 1 new share for every 17 existing preference shares, a ratio computed in proportion to the paid-up value of ₹16 per share.

The merger becomes effective only after certified copies of the NCLT order are filed with the Registrar of Companies, Mumbai. Nami Capital will be dissolved without winding up, with its properties, rights, liabilities and powers transferring to Pradeep Metals.

Boards of both companies approved the scheme on March 3, 2025. The stated rationale is fewer administrative and regulatory compliances, a simpler shareholding structure and better capital allocation. The Regional Director's observations on tax compliance and creditor interests were addressed through affidavits, and SEBI and the BSE raised no objections.

Pradeep Metals has paid-up capital of ₹17.27 crore across 1.72 crore equity shares, against ₹96.36 lakh at Nami Capital. The consolidation absorbs Nami Capital's trading in steel metals and securities alongside Pradeep Metals' metal forgings and defence systems business, according to the company's announcement.

Pradeep Metals' Results and Ratings Before the Order

Pradeep Metals reported standalone net sales of Rs 89.59 crore for March 2026, up 6.59% from Rs 84.05 crore a year earlier, Business News Today reported. Crisil Ratings reaffirmed its 'Crisil BBB/Stable/Crisil A3+' ratings on the company's bank loan facilities on June 30, 2026, citing extensive industry experience and a comfortable financial risk profile, partly offset by working capital intensity and project risk, Business Standard reported.

Other Deals Announced on October 29, 2026

Intesa Sanpaolo's move on Monte dei Paschi di Siena, valued at €31.4 billion, would give it the MPS brand, branches and central functions while selling parts to Unipol and BPER, Handelsblatt reported. Integer Holdings Corporation is advancing toward a KKR affiliate acquisition after shareholder approval on October 21, with closing anticipated by end of 2026, TradingView reported. Maxell will absorb wholly owned Maxell Sakura on April 1, 2027 with no merger consideration, The future of trading reported.