Disclosure regarding the Scheme of Amalgamation involving Ratnakar Securities Private Limited (Transferor Company) and Mangalya Soft-Tech Limited (Transferee Company).
Awaiting price reaction for this filing.
Mangalya Soft-Tech Limited (BSE: 530243) has informed that the Scheme of Amalgamation with Ratnakar Securities Private Limited has become effective from July 24, 2025, following filing of the certified NCLT order (dated June 26, 2025) with the Registrar of Companies, Gujarat. The merger is part of a Resolution Plan approved under the Insolvency and Bankruptcy Code, 2016, under which Mangalya was undergoing Corporate Insolvency Resolution Process and Ratnakar Securities acted as the Resolution Applicant. As per the share exchange ratio, shareholders of Ratnakar Securities will receive 5 new equity shares of Rs. 10 each for every 1 equity share held, plus 1 Optionally Fully Convertible Redeemable Preference Share (OFCRPS) of Rs. 10 each, resulting in allotment of approximately 1.5 crore new equity shares and 30 lakh OFCRPS. On the Effective Date, Ratnakar Securities will stand dissolved without winding up, and its entire undertaking — including NSE/BSE/NSDL memberships, stock broking, mutual fund distribution, and depository services — will vest in Mangalya Soft-Tech.
This merger revives Mangalya Soft-Tech (which was under insolvency) by absorbing a functioning broking entity and is expected to restore BSE trading permission, benefiting existing public shareholders. The listed entity gains scale, new revenue streams from broking/depository businesses, and improved economic viability, though it also inherits the liabilities of the transferor company.