Update on the Scheme of Amalgamation of FUTECH INTERNET PRIVATE LIMITED, a wholly owned Subsidiary Company, with ANKA INDIA LIMITED and their respective shareholders and creditors under ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The NCLT Chandigarh Bench, in an order dated February 3, 2026, approved the first motion application for the amalgamation of Futech Internet Private Limited (a wholly-owned subsidiary) into Anka India Limited under Sections 230-232 of the Companies Act, 2013. The tribunal dispensed with convening meetings of equity shareholders, secured creditors and unsecured creditors of Anka India, since Futech is wholly-owned, no new shares are being issued, and unsecured creditors have already been paid off. No share capital reorganisation or dilution is involved — existing shareholders of Anka India remain unaffected. The appointed date for the amalgamation is April 1, 2025. The company now needs to file a second motion petition for final approval. Anka India has 1,546 equity shareholders, a paid-up share capital of around Rs. 15.39 crore, and Futech Internet has a paid-up capital of Rs. 1 lakh.
This is a routine internal restructuring — merging a wholly-owned subsidiary into the parent — with no impact on shareholding, no dilution, and no cost to existing shareholders. Likely a neutral event for the stock price; the focus should remain on the second motion and final NCLT sanction.