Future Market Networks withdraws merger scheme with Metawear Limited

Deal CancelledStrategic Transactions View source PDF Explain this filing

FMNL · price

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Price reactionminutes from the announcement price · days from the prior close

-4.2%Reaction day

₹10.89

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-4.4% vs market

On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-4.2+0.2-4.4

Next day

-2.0+1.0-3.0

-3.6+0.7-4.3

-4.2+0.9-5.1

-6.2+0.2-6.4

-5.9-1.8-4.0

-4.2+1.4-5.7

15d

-13.0-0.6-12.4

-9.6+1.5-11.0

-6.6+4.5-11.1

-24.9+3.1-27.9

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Future Market Networks Limited and Metawear Limited have withdrawn their proposed scheme of amalgamation. Both companies boards passed resolutions on May 15 and May 19, 2026 to withdraw the scheme. The NCLT Mumbai Bench has disposed of the merger application as withdrawn on June 18, 2026. The deal will no longer proceed.

Likely market impact

The proposed merger will not go through. FMNL will continue operating independently without the planned consolidation with Metawear Limited.