In furtherance to disclosure made on 14/08/2025 the board has approved the scheme of merger the detailed disclosure and the scheme is attached
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Anka India Ltd's board has approved a Scheme of Amalgamation to merge its wholly-owned subsidiary Futech Internet Private Limited (FIPL) into itself. FIPL had revenue of Rs 12.96 crore for FY ending March 31, 2025. Since FIPL is a 100% subsidiary, no cash or share consideration is involved and the shareholding pattern of Anka India will remain unchanged. The Appointed Date is April 1, 2025, and the scheme now needs approval from shareholders, creditors, and the National Company Law Tribunal (NCLT) before it becomes effective. The board also approved the 31st AGM notice, the Director's Report, and appointed M/s Varun Sharma and Associates as the new Secretarial Auditor for a 5-year term starting April 1, 2025. The AGM is scheduled for September 30, 2025 via video conferencing.
This is a simplification merger with no change in shareholding or new shares issued, so existing shareholders are not diluted. The merger consolidates operations and eliminates duplicate compliance costs, which could modestly improve operational efficiency, though the absence of new equity issuance means no direct value transfer to shareholders beyond cost savings.