Update on Second Motion petition for approval of Scheme of Arrangement
Awaiting price reaction for this filing.
Ind-Swift Limited has informed stock exchanges about an update on its Second Motion Petition filed before the National Company Law Tribunal (NCLT), Chandigarh Bench-II. The petition seeks approval for the scheme of amalgamation of Ind-Swift Limited (Transferor Company) with Ind-Swift Laboratories Limited (Transferee Company). The NCLT has listed the next date of hearing for June 5, 2025. No order has been passed yet; the matter remains pending. The disclosure is made under Regulation 30 of the SEBI Listing Regulations.
This is a procedural update with no immediate impact on shareholders. Investors should watch the June 5 hearing, as approval of the amalgamation scheme would be a material event affecting the company's structure and shareholding.