Privi Speciality Chemicals Limited has informed the Exchange regarding Board meeting held on November 15, 2025 - for withdrawal of application filed under Regulation 37 of SEBI (LODR) Regulations, 2015 for obtaining NOC from Stock Exchanges in respect of proposed Scheme of Amalgamation.
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Privi Speciality Chemicals Limited's Board of Directors met on November 15, 2025 and approved the withdrawal of its application filed under Regulation 37 of SEBI (LODR) Regulations, 2015. This application had sought a No Objection Certificate (NOC) from the Stock Exchanges for a proposed Scheme of Amalgamation. By withdrawing this application, the company is effectively putting an end to the previously announced amalgamation plan. No further details about a revised or alternative plan have been disclosed in this filing.
Shareholders should note that the proposed amalgamation will no longer proceed, at least in its current form. This removes any expected synergies or structural benefits from the deal and may temper any near-term valuation re-rating tied to the merger, though it also eliminates execution risk.