Ind-Swift Limited has informed the Exchange about Copy of Newspaper Publication for Notice of hearing of Petition
Awaiting price reaction for this filing.
Ind-Swift Limited has submitted copies of newspaper advertisements published in Financial Express (English) and Dainik Bhaskar (Hindi), Chandigarh edition, to BSE and NSE. The ads relate to the NCLT Chandigarh Bench-II hearing notice for the proposed scheme of amalgamation between Ind-Swift Limited (Transferor Company) and Ind-Swift Laboratories Limited (Transferee Company). The NCLT passed the order on 19th March 2025 directing the publication of the hearing notice, and the petition is scheduled for hearing on 15th May 2025. Shareholders, creditors, or any interested parties wishing to support or oppose the scheme must notify the Petitioners' Advocate at least 2 days before the hearing date. The scheme, if approved, will result in the merger of Ind-Swift Limited into its group entity Ind-Swift Laboratories Limited, with shares of the transferor company to be cancelled and shareholders to receive shares of the transferee company as per the swap ratio.
This is a routine procedural update in the ongoing merger process and not a new event. Investors should watch the NCLT hearing on 15th May 2025, as approval would lead to share swap and likely delisting of Ind-Swift Limited, while rejection could affect the stock's near-term sentiment.