Shareholders approve NCLT scheme of arrangement with Indiannica Learning

Nclt Scheme FiledStrategic Transactions View source PDF

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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

Navneet Education Limited's equity shareholders approved the Composite Scheme of Arrangement with Indiannica Learning Private Limited at an NCLT-convened meeting on June 15, 2026. The resolution passed with 99.998% votes in favour (168 million votes) and just 0.002% against. Under the scheme, Indiannica Learning (Demerged Company) will merge into Navneet Education (Resulting Company) per Sections 230-232 of the Companies Act, 2013.

Likely market impact

Shareholders have cleared the demerger; scheme now awaits NCLT final sanction for implementation.