Cyber Media (India) Limited has informed the Exchange about Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
CYBERMEDIA · price
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Awaiting price reaction for this filing.
Cyber Media (India) Limited has withdrawn its draft Scheme of Amalgamation with Cyber Media Research & Services Limited (Transferor Company), originally approved by the Board on November 11, 2025. The withdrawal was necessitated because the company filed its no-objection application with stock exchanges beyond the 15 trading days window required under NSE Circular dated July 31, 2025. The Board approved the withdrawal via circular resolution on January 02, 2026. The company has confirmed it will re-file a fresh application with the required documents within the prescribed timeline. Management has stated there will be no adverse impact arising from this procedural withdrawal.
This is a purely procedural/administrative withdrawal due to a missed regulatory deadline — not a strategic cancellation. The amalgamation deal remains intact and will be re-filed, so the only effect on shareholders is a delay in the merger timeline with no material financial impact expected.