Protean eGov Technologies Limited has informed the Exchange about Demerger
PROTEAN · price
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Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Mumbai Bench, has pronounced the demerger order as 'allowed' on February 27, 2026, in the Composite Scheme of Arrangement between Protean Infosec Services Limited (Demerged Company) and Protean eGov Technologies Limited (Resulting Company) and their respective shareholders and creditors. The scheme was filed under Sections 230 to 232 of the Companies Act, 2013. The certified copy of the order is yet to be received, and the company will share it with the stock exchanges once available. This follows the company's earlier intimation dated May 21, 2025, regarding the scheme.
This is a key regulatory milestone as NCLT approval clears a major hurdle for the demerger to proceed. Shareholders should await the certified order copy and further updates on the scheme's effective date and any entitlements arising from the arrangement.