Privi Speciality Chemicals Limited has informed the Exchange about outcome of the Board Meeting held on November 15,2025 for withdrawal of the application 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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Awaiting price reaction for this filing.
Privi Speciality Chemicals Limited's Board met on November 15, 2025, and decided to withdraw its application filed under Regulation 37 of SEBI (LODR) Regulations, 2015. The application had been submitted to obtain a No Objection Certificate (NOC) from stock exchanges for a proposed Scheme of Amalgamation. By pulling back this application, the company has effectively halted the regulatory approval process for the merger at this stage. The announcement does not specify the counterparty, reasons for withdrawal, or whether a revised scheme may be pursued later.
The proposed amalgamation is now off the table for now, removing any near-term restructuring benefits, synergies, or valuation re-rating that shareholders may have expected from the deal. This is likely to be viewed as neutral to slightly negative for the stock in the short term.