Scrutinizers Report with Voting Results
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Innovassynth Investments Limited (IIL), the listed entity (BSE: 533315), held an NCLT-convened meeting of equity shareholders on September 5, 2025, to vote on the Scheme of Merger by Absorption of Innovassynth Technologies (India) Limited (ITIL, the Transferor) into IIL (the Transferee), with an appointed date of October 1, 2024. The resolution was passed with the requisite majority: out of 2,79,84,285 total equity shares, 1,57,47,747 shares (56.27%) were polled, with 95.07% voting in favour and 4.93% against. The promoter group (88,03,738 shares, ~31.5%) voted 100% in favour, while public shareholders backed the scheme with 88.81% in favour and 11.19% against. The merger is now subject to final NCLT sanction and other regulatory approvals.
Shareholders have cleared the merger of the operating company (ITIL) into the listed entity (IIL), but the deal still requires NCLT sanction before it becomes effective. Once approved, this is a group-level restructuring that will consolidate the operating business under the listed entity, with the swap ratio and final terms becoming effective from the appointed date of October 1, 2024.