Please find attached Newspaper publication Regarding Notice of petition seeking sanction of the proposed Scheme of Arrangement pursuant to order dated May 01, 2025 of the Hon''ble NCLT, ....
Awaiting price reaction for this filing.
Indiabulls Enterprises has informed stock exchanges that it has published a notice of petition seeking sanction of its proposed Scheme of Arrangement, as directed by the NCLT Chandigarh Bench via its order dated May 1, 2025. The notice appeared in The Financial Express (English) and Jansatta (Hindi) on May 20, 2025. The next date of hearing at the NCLT has been fixed for July 3, 2025. The filing is procedural compliance with the tribunal's directions and does not contain any new financial or business update. No details of the scheme (such as parties involved, swap ratio, or valuation) are disclosed in this particular filing.
This is a routine procedural update with no immediate financial impact on shareholders. Investors should watch for the July 3, 2025 NCLT hearing, which will be the next key milestone for the proposed scheme. Until the scheme is sanctioned and effective, there is no change to the company's capital structure or operations.