Scheme of Amalgamation of InfoBeans CloudTech Ltd (WoS) with InfoBeans Technologies Ltd(Holding Company)
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InfoBeans Technologies Ltd has submitted its Scheme of Amalgamation to merge its wholly-owned subsidiary InfoBeans CloudTech Ltd (formerly Eternus Solutions) into itself, under Sections 230-232 of the Companies Act, 2013, subject to NCLT Indore Bench approval. Since CloudTech is a 100% subsidiary, no new shares will be issued and no cash consideration will be paid — the existing shares held by the holding company in CloudTech will simply be cancelled. The appointed date is April 1, 2025, and the deal will be accounted for using the Pooling of Interest method under Ind AS 103 (common control transaction). Post-merger, InfoBeans Technologies' authorized share capital will rise to Rs. 26.4 crore, and CloudTech will be dissolved without winding up. The Boards of both companies had approved the scheme on May 1 and May 2, 2025 respectively.
This is a routine internal restructuring with no impact on shareholding, EPS, or public shareholders — no new shares are issued and no cash leaves the company. Investors should note that the scheme now awaits NCLT and other regulatory approvals before it becomes effective, which may take several months.