Shares of Maruti Suzuki India Ltd rose 1% to touch a day’s high of Rs 15,614 on 10th November, after the company announced that the National Company Law Tribunal (NCLT) had approved the scheme of amalgamation under which Suzuki Motor Gujarat will be merged with its parent company, Maruti Suzuki India, the country’s largest carmaker.

The tribunal has set 1st April, 2025, as the appointed date for the merger.

A two-member bench of the Delhi-based Principal Bench cleared the joint petition filed by both companies. They stated that the scheme is in the best interest of shareholders, creditors, employees, and all stakeholders. The tribunal noted that there were no objections from the Income Tax Department, Official Liquidator, or other statutory bodies. This includes the RBI, Sebi, BSE, and NSE within the given time.

In its order, the NCLT said the merger scheme is sanctioned under Sections 230 to 232 of the Companies Act, 2013. It will be binding on both companies and their stakeholders. Once the merger takes effect, Suzuki Motor Gujarat will be dissolved without undergoing the winding-up process. It will also surrender its GSTN and PAN.

The petitioners said the merger would lead to better operational efficiency, cost reduction, and stronger business synergies. By simplifying the group structure and eliminating duplication, it will also enhance manufacturing performance and resource utilisation. Moreover, it will maximise shareholder value.

All employees of Suzuki Motor Gujarat will become part of Maruti Suzuki India once the merger takes effect.

Suzuki Motor Corporation, Japan, currently holds 58.28% of Maruti Suzuki India’s paid-up share capital as of 31st March, 2025.

At 12:32 PM, shares of Maruti Suzuki India were trading 0.72% higher at Rs 15,591 on NSE.

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