Shareholders approve Composite Scheme of Arrangement with Indiannica Learning

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

NAVNETEDUL · price

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Price reactionminutes from the announcement price · days from the prior close

-5.1%Reaction day

₹146.40

prior close

₹145.89

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-5.6% vs market

Stationary peers, median of 7sector+1.5%-6.5% vs sector

On the reaction day the stock moved 5.6 pts less than Nifty Microcap 250 and 6.5 pts less than its Stationary peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-5.1+0.6-5.6+1.5-6.5

Next day

-4.4+1.7-6.0+0.0-4.4

-5.6+2.1-7.7+1.0-6.6

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-3.9+3.8-7.7+3.6-7.5

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15d

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-7.8+7.4-15.2-4.2-3.6

-14.2+5.6-19.8-11.5-2.7

UpDownMarket · Nifty Microcap 250Sector · Stationary peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.