Maharaja Shree Umaid Mills Limited acquired 12,20,606 shares (39.4268%) of The Peria Karamalai Tea & Produce Company Limited via an internal promoter-group amalgamation. The transaction, sanctioned by NCLT Kolkata, consolidates holdings from 20 transferor companies without changing the aggregate promoter shareholding. This internal restructuring was completed on April 25, 2026.
Placid Limited has amalgamated with Maharaja Shree Umaid Mills Limited (MSUM) following NCLT approval. Consequently, Placid's stake in The Peria Karamalai Tea & Produce Company was transferred to MSUM, increasing MSUM's holding to 43.34%. As both entities belong to the promoter group, there is no change in the management or control of the company.