Announced Wed, 4 Nov, 2026 · 23:18 IST
NCLT allows Mindpool and S A Tech amalgamation; shareholder vote pending
MINDPOOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
NCLT allowed the merger of Mindpool Technologies with S A Tech Software India, with S A Tech surviving. Both companies must hold shareholder meetings within 90 days of receiving the order to approve the scheme. Consideration is one Rs 10 S A Tech share for every two Rs 10 Mindpool shares. Creditor meetings were waived after consents covering 92.40% and 96.53% of unsecured creditor value were received.
Likely market impact
Shareholder approval is still needed. If approved, Mindpool holders will receive shares in combined S A Tech, which expects cost savings.