Notice convening the meeting of equity shareholders of the company pursuant to the order of the Honorable NCLT, Mumbai Bench.
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Innovassynth Investments Limited (BSE: 533315) has called a shareholders' meeting on September 5, 2025 (via video conferencing) as directed by the NCLT Mumbai Bench, to vote on a proposed merger by absorption of Innovassynth Technologies (India) Limited (unlisted operating company) into itself. The share swap ratio is 1:1 (fair value basis), with the appointed date set as October 1, 2024. Post-merger, promoter shareholding in the listed entity will jump sharply from 31.46% to 73.70%, while public shareholders' stake will fall from 68.54% to 26.30% on a higher expanded capital base. BSE had already issued its observation letter on the scheme on May 12, 2025, and the NCLT orders are dated June 25, 2025 (rectified July 9, 2025). The scheme must be approved by 75% of equity shareholders by value; remote e-voting runs September 2–4, 2025, with cut-off date August 29, 2025.
For public shareholders of Innovassynth Investments, the merger gives them direct economic exposure to the operating business (Innovassynth Technologies) at the same swap ratio, but promoter voting control in the listed entity will rise substantially (from ~31% to ~74%). The share price may react to the higher promoter concentration and the dilution of public float; final merger still requires subsequent NCLT sanction after this shareholder vote.