Ind-Swift Limited has informed the Exchange about Scheme of Arrangement
Awaiting price reaction for this filing.
Ind-Swift Limited has received the certified copy of the NCLT Chandigarh Bench order dated July 17, 2025, sanctioning the Scheme of Amalgamation of Ind-Swift Limited (Transferor) into Ind-Swift Laboratories Limited (Transferee) under Sections 230-232 of the Companies Act, 2013. The appointed date for the amalgamation is March 31, 2024, and the scheme will become effective from August 8, 2025, when the E-Form INC-28 is filed. Consequently, Ind-Swift Limited will stand amalgamated into and dissolved (without winding up) within Ind-Swift Laboratories Limited from August 8, 2025. The Board has fixed Thursday, August 14, 2025, as the Record Date to determine shareholders of Ind-Swift Limited who will receive shares of the Transferee Company in exchange.
Ind-Swift Limited will cease to exist as a separate listed entity from August 8, 2025; existing shareholders will become shareholders of Ind-Swift Laboratories Limited (which remains the surviving listed entity), effectively making this a share-swap restructuring with no cash consideration. Shareholders should expect their existing INDSWFTLTD holdings to be replaced with shares of Ind-Swift Laboratories Limited post the record date.