MGL Share Price in Focus on NCLT Approval for Amalgamation with Unison Enviro

Shares of Mahanagar Gas Ltd (MGL) came into focus on July 10 following the approval of its proposed amalgamation with Unison Enviro Private Ltd by the National Company Law Tribunal (NCLT). The merger marks a significant structural step for MGL, aimed at simplifying operations by consolidating its wholly owned subsidiary.

NCLT Clears the Scheme of Amalgamation

The Mumbai Bench of the Hon’ble NCLT passed an official order on 9 July 2025, sanctioning the amalgamation scheme between MGL (the transferee company) and its wholly owned subsidiary Unison Enviro (the transferor company), along with their respective shareholders.

In an exchange filing, MGL stated, “This is in continuation of our earlier intimations dated October 24, 2024 and November 11, 2024 and pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI Listing Regulations regarding the Scheme of Amalgamation of Unison Enviro Private Limited, wholly owned subsidiary (‘Transferor Company’) with its holding company, i.e. Mahanagar Gas Limited (‘Transferee Company’) and their respective shareholders (‘the Scheme’).”

Purpose and Regulatory Significance

The merger aligns with MGL’s strategic objective to create a more efficient business structure by consolidating overlapping operations, reducing compliance overhead, and eliminating intercompany transactions. The integration of Unison Enviro is expected to unlock operational synergies and streamline future capital allocation.

From a regulatory standpoint, the company has adhered to all necessary processes under SEBI’s Listing Obligations and Disclosure Requirements (LODR). The formal announcement and disclosures made in October and November 2024 were in line with the prescribed compliance norms and formed the foundation of the tribunal’s approval.

Awaiting Final Regulatory Filing 

The company further clarified that the merger will only become effective once the certified copy of the NCLT order is filed with the Registrar of Companies by both MGL and Unison Enviro. The order copy is currently awaited, and MGL remains in full compliance with SEBI regulations throughout the process.

MGL had initially notified stock exchanges about the proposed scheme in October and November 2024, signalling the merger well in advance..

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Mahanagar Gas Stock Price Performance

As of July 10, 2025, at 10:07 AM, Mahanagar Gas share price is trading at ₹1,473.70 per share, reflecting a decline of 1.01%. Over the past month, the stock has gained by 6.04%.

Conclusion

The NCLT's approval of the amalgamation between MGL and Unison Enviro sets the stage for an operationally streamlined future for the city gas distribution company. With regulatory filings pending, the merger is expected to formalise soon, aligning MGL’s corporate structure with its long-term strategic objectives.

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