Shareholders approve NCLT scheme 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.

Price reaction · full curve 14 horizons · vs prior close

-4.4%1-day move

₹146.40

prior close

₹145.89

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.3+0.1-0.2-0.5-4.4-5.6-4.7-3.9-5.1-3.3+1.8+2.4——

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AI summary

NCLT-convened meeting of Navneet Education's equity shareholders was held on 15 June 2026 via video conferencing. Shareholders approved the Composite Scheme of Arrangement between the company and Indiannica Learning Private Limited under Section 230(6) of the Companies Act, 2013, with the requisite majority (majority in number and three-fourths in value). The meeting was chaired by Mr. Venkata Subba Rao, former NCLT member. Voting results and scrutinizer's report will be filed separately with the exchanges.

Likely market impact

Key step cleared; scheme still needs NCLT sanction and final order. Watch for share ratio and effective date announcement.