Almondz Global Securities Limited has informed the Exchange about Scheme of Arrangement
ALMONDZ · price
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Awaiting price reaction for this filing.
Almondz Global Securities has informed the stock exchanges that it is withdrawing its Composite Scheme of Arrangement that was approved by the Board on April 9, 2025. The decision comes after the company received comments and queries from the stock exchanges on the original scheme filing. Instead of pushing through with the current version, the company has chosen to withdraw it and plans to submit a revised scheme within 90 days. The filing has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements rules. Ajay Pratap, Director Legal & Corporate Affairs, has signed the intimation.
This is a procedural development rather than a fundamental change in strategy — the scheme is being refiled, not abandoned. However, the 90-day timeline delay means shareholders will have to wait longer for clarity on the arrangement. In the short term, this could create minor uncertainty around the stock, though the intent to refile suggests the underlying corporate action is still on track.