NCLT Ahmedabad Allows First Motion In Amalgamation Of Arcelor Mittal Nippon Steel Group Entities

The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Wednesday directed AMNS Ports India Limited to convene a meeting of its equity shareholders and AMNS Ports Hazira Limited to convene a meeting of its unsecured creditors.

The directions were issued in a proposed amalgamation that would reduce the number of entities in the Arcelor Mittal Nippon Steel joint venture group in India. The tribunal dispensed with the remaining shareholder and creditor meetings sought by the applicant companies.

The order was passed on June 10 by Judicial Member Chitra Hankare and Technical Member Dr. Velamur G. Venkata Chalapathy.

The application was jointly filed by AMNS Ports Shared Services Private Limited, AMNS Ports India Limited and AMNS Ports Hazira Limited. Under the proposed scheme, AMNS Ports Shared Services Private Limited and AMNS Ports India Limited would amalgamate with AMNS Ports Hazira Limited. The appointed date of the scheme is August 1, 2025.

The boards of directors of the three companies approved the scheme through resolutions passed on October 16, 2025.

According to the application, the proposed amalgamation would streamline the corporate structure. It would also facilitate greater operational integration. The companies stated that the concentration of operations into a single entity would remove inefficiencies. It would improve intra-group efficiencies and simplify the corporate structure.

The companies further stated that the amalgamation would consolidate complementary business operations. It would also reduce the number of entities in the Arcelor Mittal Nippon Steel joint venture group in India. According to the application, the proposal would optimise resources and reduce managerial overlaps. It would also avoid duplication of compliance efforts.

AMNS Ports Shared Services Private Limited had two equity shareholders, one preference shareholder and two unsecured creditors as on March 5, 2026. All of them approved the scheme through consent affidavits. They also waived their right to attend meetings. The company had no secured creditors.

AMNS Ports India Limited had 70,679 equity shareholders, one preference shareholder and one unsecured creditor as on March 5, 2026. The preference shareholder and unsecured creditor approved the scheme through consent affidavits. They also waived their right to attend meetings. The company had no secured creditors.

AMNS Ports Hazira Limited had seven equity shareholders and two preference shareholders as on March 5, 2026. All of them approved the scheme through consent affidavits. They also waived their right to attend meetings. The company had no secured creditors. It had 134 unsecured creditors.

The tribunal dispensed with meetings of the equity shareholders, preference shareholders and unsecured creditors of AMNS Ports Shared Services Private Limited. It also dispensed with meetings of the preference shareholders of AMNS Ports India Limited. The tribunal further dispensed with meetings of the equity and preference shareholders of AMNS Ports Hazira Limited.

The bench appointed Advocate Jeet B. Karia as Chairman and Advocate Palash Agarwal as alternate chairperson for the meetings. It also appointed Practising Company Secretary Komal Khadaria as Scrutinizer. Practising Company Secretary Neeraj Arora was appointed as an alternative scrutinizer.