Haldiram’s Big Consolidation: NCLT Chandigarh Clears Manufacturing Merger

Inside the announcement  
According to LiveLaw and Moneycontrol, the Chandigarh bench comprising Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal cleared the second-motion petition filed by seven Haldiram entities. The scheme of arrangement consolidates multiple demerged units into a single entity, Haldiram Marketing Pvt Ltd. The tribunal noted that the group had submitted its Memorandum and Articles of Association, audited financial statements, and creditor approvals, ensuring compliance with legal and financial requirements.  

Notable updates  
• NCLT Chandigarh approves consolidation of seven Haldiram entities  
• Manufacturing and retail units to merge into Haldiram Marketing Pvt Ltd  
• Tribunal reviewed financial statements, governance documents, and creditor consent  
• Move expected to streamline operations and strengthen brand consistency  
• Consolidation aligns with Haldiram’s long-term growth and expansion strategy  

Major takeaway  
The approval marks a significant milestone for Haldiram, enabling it to unify its fragmented operations under one umbrella. By consolidating manufacturing and retail, the brand is poised to enhance efficiency, governance, and market competitiveness, reinforcing its position as India’s leading snack and confectionery giant.  

Sources: LiveLaw, Moneycontrol