Honasa Consumer Limited received the certified copy of the National Company Law Tribunal’s (NCLT) order approving the amalgamation of Fusion Cosmeceutics and Just4Kids with Honasa. This marks a significant procedural step in the merger process under the Companies Act, 2013.
The Hon’ble NCLT Delhi, through an order dated June 3, 2025, approved the second motion petition concerning the merger of Fusion Cosmeceutics Private Limited (Transferor Company 1) and Just4Kids Services Private Limited (Transferor Company 2) into Honasa Consumer Limited (Transferee Company). This is part of a broader scheme of amalgamation under Sections 230 to 232 of the Companies Act, 2013.
Honasa had previously informed the stock exchanges about the tribunal’s verbal approval on June 4, 2025. The company has now officially received the certified copy of the order, allowing it to proceed with the remaining regulatory formalities.
Fusion Cosmeceutics Private Limited is engaged in the formulation and trading of skincare products. Incorporated in 2003, it operates as a wholly owned subsidiary of Honasa Consumer Limited (the parent company of well-known brands such as Mamaearth, The Derma Co., and others).
Just4Kids Services Private Limited is another subsidiary within the group. While specific operational details are limited in the order, it complements Honasa's presence in the consumer wellness and personal care space, particularly targeting the children's segment.
The amalgamation of Fusion Cosmeceutics and Just4Kids with Honasa Consumer Limited is intended to:
With the certified copy in hand, the scheme will become effective once this order is filed with the jurisdictional Registrar of Companies (ROC). The merger will only take full legal effect after both the Delhi and relevant regional NCLT orders are submitted and accepted by the ROC.
The amalgamation aims to simplify the group structure, streamline operations, and unlock synergies among the three entities, ultimately enhancing operational efficiency and value creation.
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On June 26, 2025, Honasa Consumer share price opened at ₹312.10 on NSE, below the previous close of ₹312.55. During the day, it surged to ₹315.90 and dipped to ₹305.10. The stock is closed at ₹312.55 as of 12:00 AM. The stock registered a marginal change of 0.00%.
Over the past week, it has moved up by 3.96%, over the past month, it has declined by 3.26%, and over the past 3 months, it has moved up by 32.83%.
Honasa Consumer’s receipt of the certified NCLT order marks a key milestone in its merger with Fusion Cosmeceutics and Just4Kids. The scheme is now poised for final implementation upon ROC filings, indicating steady progress toward strategic consolidation within the group.
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Published on: Jun 27, 2025, 9:57 AM IST
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