Belding India keeps DC&T merger scheme in abeyance
- Mergers & acquisitions
- Foils and packaging materials
Reviewed byRachit TripathiBlacklitt Research
Belding India (NSE: BELDING) has kept in abeyance the draft Scheme of Amalgamation with DC&T Global Private Limited, its board deciding at a meeting on 03 Nov 2026, it said in a filing on 04 Nov 2026. The filing is an update to the intimation of 30 Jul 2026 on the merger by absorption.
The board's decision and its stated reason
The board of Belding India considered the draft scheme at its meeting held on 03 Nov 2026 and approved keeping it in abeyance. The meeting began at 09:30 P.M. (IST) on 03 Nov 2026 and concluded at 12:50 A.M. (IST) on 04 Nov 2026.
The company says that, after considering the commercial and operational aspects and the growth opportunities available to DC&T, the amalgamation at this stage could have an operational impact on the opportunities available to DC&T. To avoid that impact, the board decided to keep the draft scheme in abeyance.
The company says the draft scheme at this stage is not pursued and has no impact, financial or otherwise, on the operations of Belding India or DC&T Global Private Limited. It will reconsider the proposed transaction at an appropriate time, and any further action will need the requisite approvals of the board and other authorities, as applicable.
Where the company stands
Belding India was formerly known as Synthiko Foils Limited. Its market value is ₹1,126 crore at the 03 Nov 2026 close of ₹777.85 a share. In its Q1 FY27 consolidated results, filed on the same day, it reported total income of ₹2.69 crore and a net loss of ₹4.13 crore.
What the scheme decision means for Belding India's shareholders
The decision keeps the proposed merger with DC&T Global Private Limited on hold and, according to the company, has no financial impact on either company. The company says it will keep the stock exchanges informed of material developments.
Not stated: the reason for the abeyance beyond the operational impact on DC&T's opportunities, whether and when the scheme will be revived, and the terms of any amalgamation such as the share exchange ratio or valuation.
At a glance
| Item | Detail |
|---|---|
| Board meeting | 03 Nov 2026 |
| Intimation referred to | 30 Jul 2026 |
| Transferor company | DC&T Global Private Limited |
| Transferee company | Belding India Limited |
| Former name | Synthiko Foils Limited |
| Status of draft scheme | In abeyance |
Filed with BSE on . Reference: Original filing (PDF)
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