Announced Tue, 30 Jun · 22:03 IST
FMNL-Metawear amalgamation scheme withdrawn; NCLT order attached
FMNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹10.89
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.0-3.6-4.2-6.2-5.9-4.2-13.0———
Up moveDown movePending
AI summary
Future Market Networks Limited (FMNL) has withdrawn its proposed amalgamation scheme with Metawear Limited. The boards of both companies passed resolutions for withdrawal in May 2026 (transferor on May 15, transferee on May 19). The NCLT Mumbai Bench disposed of the merger application as withdrawn via its order dated June 18, 2026, which was uploaded on the NCLT portal on June 30, 2026. The proposed merger will no longer proceed.
Likely market impact
Proposed merger with Metawear called off. No change in FMNL shareholding or business structure. Status quo maintained for shareholders.