Protean eGov Technologies Limited has informed the Exchange about Demerger

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

PROTEAN · price

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Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹591.00

prior close

₹565.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.2%-0.8% vs market

IT Enabled Services peers, median of 73sector-2.7%-0.3% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.3 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.6

10m

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15m

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30m

+2.2

Sessions after the filingfrom the prior close

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Reaction day

-3.0-2.2-0.8-2.7-0.3

Next day

-6.3-4.8-1.5-5.9-0.5

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15d

-16.0-8.2-7.8-11.7-4.3

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-10.2+9.4-19.6+1.9-12.1

+1.3+11.0-9.7+0.5+0.8

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 73Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.