Indo-National Limited has informed the Exchange regarding 'Update on hearing conducted by Hon'ble NCLT, Chennai Bench on September 17, 2025 on scheme of Amalgamation'.
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Awaiting price reaction for this filing.
Indo-National Limited has informed the stock exchange that a hearing was held by the National Company Law Tribunal (NCLT), Chennai Bench on September 17, 2025 regarding the company's Scheme of Amalgamation. The announcement is a procedural update on the ongoing amalgamation process and does not mention any approval, rejection, or specific ruling. No further details on the outcome of the hearing or the parties involved in the amalgamation have been disclosed in this filing. Investors will need to wait for further updates to understand the status of the merger.
This is a routine procedural update on an ongoing amalgamation scheme and by itself is neutral for shareholders. The actual impact on the stock will depend on whether the scheme is ultimately approved and the financial terms of the amalgamation, which are not detailed here.