Shareholders approve Composite Scheme of Arrangement with Indiannica Learning

Nclt Scheme FiledStrategic Transactions View source PDF

NAVNETEDUL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Equity shareholders of Navneet Education approved the Composite Scheme of Arrangement between the company and Indiannica Learning Private Limited at the NCLT-convened meeting on June 15, 2026. The scheme was cleared with the requisite majority under Section 230(6) of the Companies Act, 2013 — majority in number and three-fourths in value of equity shareholders who voted. Voting was conducted via remote e-voting and e-voting at the meeting. Detailed voting results and the scrutinizer's report will be disclosed separately. The scheme now awaits further NCLT approval to become effective.

Likely market impact

Shareholder approval secured; scheme now moves to the next stage of NCLT sanction before it can take effect.