Intimation regarding Hearing of Second Motion Petition and next date of hearing

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ind-Swift Limited informed stock exchanges that its Second Motion Petition for the proposed amalgamation with Ind-Swift Laboratories Limited was heard before the NCLT Chandigarh Bench-II on May 15, 2025. The matter was discussed in relation to reports from statutory authorities and for further approval of the scheme. The Tribunal has fixed the next date of hearing for May 29, 2025. The amalgamation remains pending NCLT approval.

Likely market impact

This is a routine procedural update on the ongoing amalgamation process. Shareholders should note that the scheme is still awaiting NCLT approval, and any material decision will only come after the next hearing on May 29, 2025.