ORDER

Per: Madhu Sinha, Member (Technical)

1. Heard Learned Counsel for the Petitioner Company. No objection has been received by the Tribunal opposing the Company Scheme Petition and nor has any party controverted any averments made in the Company Scheme Petition.

2. The sanction of this Tribunal is sought under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”) to the Scheme of Amalgamation of UltraTech Nathdwara Cement Limited, Swiss Merchandise Infrastructure Limited and Merit Plaza Limited (“Transferor Companies”) with UltraTech Cement Limited, the Petitioner/Transferee Company (“Scheme”).

3. The Petitioner Company is engaged in the business of manufacturing grey cement, white cement, ready mix concrete and various building products, including autoclaved aerated concrete (AAC) blocks and waterproofing, grouting and plastering solutions.

4. The Learned Counsel for the Petitioner Company submit that the rationale mentioned in the Scheme is as under:

i. “The Transferee Company is the largest cement manufacturing company in India engaged in the business of manufacturing grey cement, white cement, ready mix concrete and various building products, inclu