In terms of Regulation 30 read with part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"), we wish to inform ....
Awaiting price reaction for this filing.
HCKK Ventures' board, at its meeting on July 12, 2025, decided to withdraw from a proposed Scheme of Arrangement that would have involved Softlink Global Private Limited and Ivolve Holdings Private Limited as transferor companies and HCKK as the transferee company. The withdrawal was initiated voluntarily by the board of Softlink Global due to continued delays in implementation, which had hurt long-term strategy, business growth, capital flexibility, and ESOP issuance plans. HCKK had previously received BSE approval for the scheme and is now initiating formal steps for withdrawal from regulatory and judicial authorities to regain strategic and operational flexibility.
Negative for near-term growth plans — HCKK loses a planned inorganic expansion route and will face delays in strategic initiatives, capital structuring, and fundraising. Shareholders should expect a short-term sentiment hit as the deal unwinds, though management frames the exit as a corrective step to restore flexibility.