Detailed Disclosure is attached
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The board of Anka India Ltd, at its meeting on August 14, 2025, gave in-principle approval to merge its wholly-owned subsidiary Futech Internet Private Limited into itself under Sections 230-232 of the Companies Act, 2013. Futech Internet, an advertising and publicity solutions provider, reported revenue of about INR 12.96 crore for FY ended March 31, 2025. There is no cash or share swap involved — since Futech is wholly-owned, its shares held by Anka India will simply be cancelled and no new shares will be issued. As a result, the public shareholding pattern of Anka India remains unchanged. The merger is aimed at consolidating operations, cutting duplication, simplifying compliance, and improving access to funding.
This is an internal restructuring with no change in ownership or dilution for existing shareholders. Short-term stock reaction is likely muted; the deal may streamline costs and reporting over time but adds no new business scale at the listed entity level.