Intimation of record date for allotment of equity shares pursuant to the scheme of Merger.
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The NCLT Mumbai Bench has sanctioned the Scheme of Merger by Absorption of Innovassynth Technologies (India) Limited (Transferor Company) into Innovassynth Investments Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. The Board has fixed Friday, December 19, 2025 as the Record Date to identify shareholders of the Transferor Company eligible to receive shares of the Transferee Company. The share exchange ratio is 1:1, meaning shareholders will receive one fully paid-up equity share of Rs. 10 face value in Innovassynth Investments for every one share held in Innovassynth Technologies. The scheme will become effective upon filing the certified NCLT order with the Registrar of Companies.
Shareholders of Innovassynth Technologies (India) will automatically receive shares of Innovassynth Investments on a 1:1 basis and become shareholders of the merged entity. The merger consolidates the two listed companies under a single surviving entity, which may affect liquidity and trading patterns of Innovassynth Technologies shares around the record date.