Pasupati Acrylon Ltd has received approval for the merger of certain promoter group companies, including MVA Finance, Inder Overseas, and Nityanand Exports, into Arihant Exports, with the promoter's collective holding remaining at 65.87%. This approval was communicated on September 24, 2025, and the merger was sanctioned by the National Company Law Tribunal on September 23, 2025.