Selan Exploration Technology Limited has informed the Exchange regarding 'Receipt of order for hearing dated March 21, 2025 passed by Hon ble NCLT Chandigarh Bench in relation to the Composite Scheme of Arrangement. '
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.7 pts less than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company has informed the exchange about receiving a hearing order from the NCLT Chandigarh Bench dated March 21, 2025, in connection with its Composite Scheme of Arrangement. A Composite Scheme of Arrangement typically involves corporate restructuring such as a merger, demerger, amalgamation, or spin-off of business divisions. This is a procedural step where the tribunal has listed the matter for hearing to consider the scheme. The order itself has not been disclosed in detail, so the outcome of the hearing is not yet known. Investors should watch for the next hearing outcome to understand whether the scheme gets approval, modification, or rejection.
This is a routine procedural update in an ongoing corporate restructuring process. Near-term stock movement will depend on market expectations around whether NCLT approves the scheme; the actual impact on shareholders will be clearer only after the final order is passed.