The Board at its meeting held on February 6, 2025 approved Scheme of Amalgamation ("Scheme") of wholly-owned subsidiary of HIL Limited, Crestia Polytech Private Limited and step-down wholly owned subsidiaries of the Company viz. Aditya Poly Industries Private Limited, Aditya Polytechnic Private Limited, Prabhu Sainath Polymers Private Limited and Topline Industries Private Limited (collectively referred as "Transferor Companies") with the Company wherein the Transferor Companies are proposed to be Amalgamated with the Company from an appointed dated April 5, 2024 subject to seeking necessary approvals from the shareholders and the concerned regulators in respect of the Scheme.