As enclosed
MEDIASSIST · price
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The Regional Director, South Western Region, Bengaluru has referred the Scheme of Amalgamation to the Hon'ble NCLT, Bengaluru. The original application under Section 233 was rejected because the scheme failed to meet fast-track merger requirements: no shareholder meeting was conducted, and no consideration or share swap ratio was provided despite the transfer not being between a holding company and its wholly-owned subsidiary. The matter is now being processed through the regular NCLT route under Section 232. This is an internal restructuring between two wholly-owned subsidiaries of Medi Assist and will not impact the company's consolidated financial statements.
This is a procedural change within the group—the scheme is being rerouted through NCLT instead of the fast-track route. No material impact on Medi Assist's financial position or shareholding is expected as this involves only wholly-owned subsidiaries.