Submission of the first motion application with NCLT.
MCCHRLS-B · price
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Awaiting price reaction for this filing.
Mac Charles (India) Ltd has filed the first motion application with the National Company Law Tribunal (NCLT), Bengaluru Bench, on October 1, 2025, for its Scheme of Arrangement with Embassy Prism Ventures Limited and their respective shareholders. This follows BSE's Observation Letter dated August 21, 2025, which raised no adverse observations or modifications to the scheme. The company has confirmed compliance with all BSE comments relevant for filing the first motion. Under the scheme, Mac Charles is designated as the Demerged Company and Embassy Prism Ventures as the Resulting Company.
This is a procedural milestone in the demerger process. Shareholders should note that the scheme still needs further NCLT approvals before it becomes effective, and key details like the swap ratio and timeline will likely emerge in subsequent filings.