Gujarat Fluorochemicals Share Price in Focus as it Gets NOC from BSE and NSE for Composite Scheme of Arrangement

On July 10, 2026, Gujarat Fluorochemicals Limited (GFCL) announced the receipt of "No Objection Letters" from Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE) for its corporate restructuring plan.  

The clearances were granted on July 9, 2026, and are valid for 6 months, during which the scheme must be submitted to the National Company Law Tribunal (NCLT) as per the report on exchange filings. 

Details of the Restructuring Scheme 

The restructuring involves a Composite Scheme of Arrangement among 3 entities:  

1.Inox Leasing and Finance Limited (ILFL), the Demerged/Transferor Company and GFCL's holding company;  

2.Inox Holdings and Investments Limited (IHIL), the Resulting Company;  

3.Gujarat Fluorochemicals Limited (GFCL), the Transferee Company; 

Key Regulatory Conditions 

The regulatory bodies have imposed several compliance mandates on the draft scheme. ILFL is required to surrender its Non-Banking Financial Company (NBFC) Certificate of Registration to the RBI within 15 days of the scheme becoming effective.  

Additionally, the explanatory statement to shareholders must clarify that ILFL's mutual fund distribution activities and brokerage income will be transferred to IHIL. 

Read More: BPL Share Price Jumps Over 10% After NCLT Dismisses Insolvency Petition! 

Transparency and Share Issuance Requirements 

GFCL is mandated to disclose all pending adjudication, recovery, or enforcement proceedings against the companies, promoters, or directors to the shareholders and the NCLT. Furthermore, any shares issued under this scheme must be in dematerialised (demat) form only. 

Gujarat Fluorochemicals Share Price Performance 

As of July 10, 2026, at 1:22 PM, Gujarat Fluorochemicals share price on NSE was trading at ₹3,888.20, up by 0.64% from the previous closing price. 

Conclusion 

GFCL's restructuring plan, involving ILFL and IHIL, has received regulatory clearance with conditions, including the surrender of ILFL's NBFC license and transparency in pending proceedings. The scheme's approval is valid for 6 months. 

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