ATVO Enterprises Approves Amalgamation With Three Group Companies

Board approved amalgamation of Atvo Agrochem Limited, Shubhshree Health Care Private Limited and Shorya Business (India) Limited into ATVO Enterprises, with no cash consideration and issue of equity shares under specified exchange ratios. The scheme consolidates the listed company’s knitting job-work business with a 120 KLPD ethanol project, ENA and bottling platform, and plotted real-estate development, advancing its shift beyond legacy textiles. The transaction is between same-group related parties and requires NCLT, shareholder, creditor and regulatory approvals. Post-scheme promoter ownership is projected at 70.65% versus 55.80% currently, while public ownership falls to 29.35%. Agrochem and healthcare reported no operating revenue for FY26; commissioning, valuation, integration and the final dilution impact remain execution uncertainties.