NCLT Mumbai approves Sahyadri Agro's merger with Valor Estate's arm
This story was originally published at 16:17 IST on 30 January 2026
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NEW DELHI – The Mumbai bench of the National Company Law Tribunal has approved Sahyadri Agro and Dairy Pvt. Ltd.'s merger with Horizontal Ventures Pvt. Ltd., a step-down subsidiary of Valor Estate Ltd. Sahyadri Agro is a wholly-owned subsidiary of Horizontal Ventures. "Since all the requisite statutory compliances have been fulfilled, Company Scheme Petition bearing C.P (CAA)/249(MB)/2025 filed by the petitioner companies are made absolute in terms of prayers clause of the said company scheme petition," said the tribunal.
Sahyadri Agro was engaged in the business of dairy farming, milk procurement from farmers and deals with trading of milk and milk products to various dairy processing companies. According to the tribunal's order, Sahyadri Agro was evaluating opportunities to engage in the business of real estate development. Horizontal Ventures is primarily engaged in the business of construction and real estate development.
In August, the board of directors of the companies unanimously approved the merger scheme between Sahyadri Agro and Horizontal Ventures. The boards said the merger scheme was in the best interests of the respective entities and their respective stakeholders, including shareholders, employees, and creditors.
The companies said that the merger would help in simplification and rationalisation of corporate structure through consolidation, synergies arising out of consolidation of resources, which will lead to efficiency in operations and other functions related to the businesses. It would also help in business and administrative synergies, avoiding duplication of efforts and reduction in multiplicity of legal and regulatory compliances, the companies said.
On Friday, shares of Valor Estate Ltd. ended 0.7% higher at INR 106.63 on the National Stock Exchange. End
Reported by Surya Tripathi
Edited by Avishek Dutta
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