Shareholders approve NCLT scheme with Indiannica Learning

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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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

timing

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

Stock

+0.3

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15m

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30m

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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

-4.7+3.0-7.7+0.6-5.3

-3.9+3.8-7.7+3.6-7.5

-5.1+3.1-8.2+1.1-6.2

-3.3+2.4-5.7+0.5-3.8

15d

+1.8+1.3+0.5-1.5+3.3

+2.4+3.9-1.5-1.7+4.1

-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

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.