Please find the enclosed Disclosure in complaince with Regulation 30 of SEBI LODR Regulations,2015 regarding reciept of No Observation / No Adverse Observation Letter.
NDLVENTURE · price
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NDL Ventures Limited (formerly NXTDIGITAL Limited) has received No-Objection letters from both BSE (dated May 18, 2026) and NSE (dated May 19, 2026) for the proposed Scheme of Merger by Absorption. Under this scheme, Hinduja Leyland Finance Limited (HLFL) will be merged into NDL Ventures Limited as the Transferee Company. The letters are valid for six months from their respective issue dates. Both exchanges attached multiple conditions mandated by SEBI, including detailed disclosures to shareholders on pre/post scheme shareholding patterns, promoter shareholding increases, valuation reports, financial history of all entities, and compliance with various SEBI circulars. The NOC letters explicitly state they do not amount to SEBI/Exchange approval of the scheme's financial soundness. The merger remains subject to approvals from NCLT, shareholders, and creditors.
The No-Objection letters are a key regulatory milestone clearing the way for NDL Ventures to file the scheme with NCLT. However, shareholders should note that promoter shareholding will increase post-merger, and the scheme requires public shareholder approval with votes in favour exceeding votes against. The stock may see volatility as the market digests implications of the HLFL integration.