Selan Exploration Technology Limited has informed the Exchange regarding 'Update on amalgamation hearing dated May 08, 2025'.
ANTELOPUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Selan Exploration Technology Limited informed the exchange about the latest update on its proposed amalgamation with Antelopus Energy Private Limited. A joint hearing was held before the NCLT Chandigarh Bench on May 08, 2025, attended by both companies, where submissions were heard and the order was reserved. This follows multiple previous intimations since August 2024 regarding the composite scheme of arrangement under Sections 230–232 of the Companies Act, 2013. The company stated it will keep stakeholders updated on further developments.
This is a procedural update with no immediate change for shareholders. Investors should watch for the NCLT's reserved order, which when pronounced, will move the amalgamation closer to completion and could affect shareholding structure.