Honasa Consumer shares in focus as NCLT approves amalgamation scheme of 2 subsidiaries
Shares of Honasa Consumer, the parent company of Mamaearth, are expected to be in focus on Friday, June 27, following the receipt of the National Company Law Tribunal's (NCLT) order approving its amalgamation scheme involving two group entities.
ADVERTISEMENT As per the company's regulatory filing, the NCLT, New Delhi Bench, in an order dated June 3, approved the scheme of amalgamation between Fusion Cosmeceutics and Just4Kids Services with Honasa Consumer.
'Order dated 03 rd June 2025 of the Hon'ble National Company Law Tribunal, New Delhi Bench ('NCLT New Delhi') in Company Petition No. 76/ND/2024 connected with Company Application No. 51/ND/2024 filed in relation to the Scheme of Amalgamation ('Scheme') between Fusion Cosmeceutics Private Limited ('Transferor Company-1') and Just4Kids Services Private Limited ('Transferor Company-2') with Honasa Consumer Limited ('Transferee Company') and their respective shareholders and creditors under the provisions of Sections 230-232 of the Companies Act, 2013 and other applicable provisions thereof,' the company said in its filing to the exchange.
The company confirmed that it received the certified copy of the NCLT Delhi order on June 25, and noted that the Scheme will become effective once this certified copy is filed with the jurisdictional Registrar of Companies.The scheme aims to streamline operations and consolidate entities within the Honasa group, which may improve organizational efficiency. However, the filing did not elaborate further on the financial impact or restructuring details.
Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype?
ADVERTISEMENT Over the past year, the stock of Honasa Consumer has declined by 29.60%. On a year-to-date (YTD) basis, it has gained 25.58%, while the six-month return stands at 24.33%. In the last three months, the stock has surged by 32.92%, but it recorded a marginal decline of 0.68% over the past one month.The shares of Honasa Consumer, on Thursday, closed flat at Rs 312.95 on the BSE.
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Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype?
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