Revised disclosure of voting results and scrutinizers report of the NCLT Convened meeting.
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Innovassynth Investments Limited held an NCLT-ordered shareholder meeting on September 5, 2025, via video conferencing to approve the merger of Innovassynth Technologies (India) Limited (transferor) into itself (transferee), with an appointed date of October 1, 2024. Out of 27,984,285 total equity shares, 15,747,747 shares (56.27%) were voted, with 14,970,925 (95.07%) voting in favor and 776,822 (4.93%) against. Promoter group voted 100% in favor (8,803,738 shares), public non-institutional shareholders voted overwhelmingly in favor, while public institutional shareholders voted 100% against the scheme. Public shareholders (as required under SEBI Scheme Circular) approved the scheme with 88.81% in favor and 11.19% against. The scheme has been approved with the requisite majority.
This is a procedural milestone in the ongoing merger process. Shareholders have approved the scheme, but the merger still requires final NCLT sanction before becoming effective. The strong public shareholder approval (88.81% in favor) removes a key regulatory hurdle and moves the merger closer to completion.