As per attached document
Awaiting price reaction for this filing.
HCKK Ventures' Board has decided to withdraw from a Scheme of Arrangement that was previously approved by BSE, involving Softlink Global Private Limited and Ivolve Holdings Private Limited as transferor companies and HCKK as the transferee company. Softlink Global's Board voluntarily pulled out of the scheme due to continued delays in implementation, which were hurting long-term strategy, business growth, capital flexibility, and ESOP issuance plans. The scheme was originally meant to support strategic growth, business development, capital raising, and restructuring for HCKK. HCKK is now initiating formal steps with regulatory and judicial authorities to formally withdraw from the arrangement.
The cancellation removes a planned growth and capital-raising pathway for HCKK Ventures, likely slowing its strategic initiatives and limiting operational flexibility in the near term. Shareholders should expect a setback to the company's previously communicated restructuring plans, though management views the withdrawal as a corrective step to move forward.