MTMTAR Technologies543270Subsidiary merged

NCLT sanctions merger of two wholly owned subsidiaries into the listed parent

NCLT, Hyderabad Bench-II has allowed the scheme merging Gee Pee Aerospace and Defence Pvt Ltd and Magnatar Aero Systems Pvt Ltd into MTAR Technologies Ltd. Both are 100% owned subsidiaries of the company.

By ScoutQuest · Thu 29 Oct 2026, 4:14 PM IST · 2 min read

NCLT Order Date

Order dated 28 October 2026

Appointed Date

1 April 2025

RoC Update Timeline

within 30 days of receiving the certified copy

The company has told the stock exchanges that the National Company Law Tribunal, Hyderabad Bench-II, has allowed the joint petition for a scheme of amalgamation involving three companies: Gee Pee Aerospace and Defence Pvt Ltd and Magnatar Aero Systems Pvt Ltd, both wholly owned subsidiaries, and MTAR Technologies Ltd, the listed parent into which both will merge.

What the order records

• The petition is CP (CAA) No.28/230/HDB/2026, shared under Sections 230 to 232 of the Companies Act, 2013.
• The Bench allowed the petition, with the order sheet recording that orders were pronounced and the petition is allowed.
• The order is dated 28.10.2026.
• MTAR Technologies holds 100% of the total paid-up share capital of both transferor companies.

Effective date and next steps

• The scheme was sought to be made effective from the appointed date of 01.04.2025.
• The petition sought dissolution of the two transferor companies without going through the process of winding up.
• A certified copy of the order is to be shared with the Registrar of Companies at Hyderabad within 30 days of its receipt, as required under Section 232 of the Companies Act, 2013.
• The company has said it will submit the certified copy of the order to the stock exchanges once it receives it. The copy now enclosed is the one downloaded from the NCLT website.

Share capital of the merging companies

• MTAR Technologies (transferee): authorised capital of 6.6 crore equity shares of Rs 10 each, totalling Rs 66 crore; issued, subscribed and paid-up capital of ~3.08 crore fully paid-up equity shares of Rs 10 each, totalling Rs 30,75,95,910, as on 30.09.2025.
• Magnatar Aero Systems (transferor company 2): authorised capital of 10 lakh equity shares of Rs 1 each, totalling Rs 10,00,000; issued, subscribed and paid-up capital of 1 lakh fully paid-up equity shares of Rs 1 each, totalling Rs 1,00,000, as on 30.09.2025.
• Gee Pee Aerospace and Defence (transferor company 1): authorised capital of 75,000 equity shares of Rs 100 each, totalling Rs 75,00,000; issued, subscribed and paid-up capital of 30,835 fully paid-up equity shares of Rs 100 each, totalling Rs 30,83,500, as on 30.09.2025.

How to read this

The two companies being merged are already wholly owned by the listed company, and the order converts them from subsidiaries held through shareholding into businesses that sit directly inside MTAR Technologies. The businesses described in the petition are in aerospace and defence components and related technology development. The order is a step in the legal process; the company has said it will file the certified copy with the Registrar of Companies and submit it to the exchanges.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev