The Board of Directors of the company has, at its meeting held on today i.e., May 6, 2026, inter alia, considered and withdraw the in-principal approval for the proposed Amalgamation of ....
Awaiting price reaction for this filing.
The Board of Directors of Harig Crankshafts Limited met on May 6, 2026, and decided to withdraw the in-principal approval that had been granted earlier for the proposed amalgamation of Ayushman Infratech Limited with Harig Crankshafts Limited. This follows a previous board meeting on March 13, 2026, where the in-principal approval was originally considered. The meeting was held at the company's registered office in Greater Noida and concluded within one hour. The company has made this disclosure under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
The withdrawal of the amalgamation deal means the proposed merger will not proceed as planned, which may disappoint investors who anticipated synergies or consolidation benefits from the deal. The cancellation could signal uncertainty about the strategic rationale or deal terms.