Ind-Swift Laboratories Limited has informed the Exchange about Copy of Newspaper Publication for Notice of Hearing of Petition.
INDSWFTLAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ind-Swift Laboratories has submitted to the exchanges copies of newspaper advertisements published regarding the NCLT hearing notice for the proposed Scheme of Arrangement for Amalgamation between Ind-Swift Limited (Transferor Company) and Ind-Swift Laboratories Limited (Transferee Company). The NCLT Chandigarh Bench-II passed an order on 19th March 2025 directing this publication. The advertisements appeared in Financial Express (English) and Dainik Bhaskar (Hindi), Chandigarh edition on 3rd May 2025. This is a procedural compliance step required under NCLT directions, giving public notice of the upcoming court hearing on the merger scheme.
This is a routine legal-procedural step in the ongoing merger process and does not change the fundamentals. It signals that the amalgamation of Ind-Swift Limited into Ind-Swift Laboratories is progressing through the formal legal approval stage, but the final outcome still depends on NCLT sanction and shareholder/creditor approvals.