Update on the scheme of merger by absorption.
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Awaiting price reaction for this filing.
Innovassynth Investments Limited (listed entity, scrip code 533315) is proceeding with a scheme of merger by absorption with Innovassynth Technologies (India) Limited, where the latter is the Transferor Company. Earlier, on June 25, 2025, the NCLT Mumbai had ordered meetings of equity shareholders of both companies to be convened. The companies noticed inadvertent errors in that NCLT order and filed a rectification application jointly. The NCLT has now rectified the order on July 09, 2025, with the corrected order uploaded on its website on July 15, 2025.
This is a procedural update and does not change the underlying merger. Shareholders should watch for the next steps, including the actual shareholder meeting dates and the final NCLT sanction, which will be key milestones for the merger to complete.