We hereby inform that Hon''ble NCLT, Chandigarh bench has approved the Scheme of Arrangement for the Amalgamation of Ind Swift Limited with Ind Swift Laboratories Limited vide order dated ....
Awaiting price reaction for this filing.
The NCLT Chandigarh Bench has approved the Scheme of Amalgamation of Ind-Swift Limited (the Transferor Company) with Ind-Swift Laboratories Limited (the Transferee Company) and their respective shareholders and creditors, under Sections 230 and 232 of the Companies Act, 2013. The order was pronounced on July 17, 2025, with the Appointed Date fixed as March 31, 2024. Once the certified copy of the order is filed with the Registrar of Companies by all companies involved, the Scheme will become effective. Upon effectiveness, Ind-Swift Limited will stand dissolved without going through the winding-up process.
Shareholders of Ind-Swift Limited will become shareholders of Ind-Swift Laboratories Limited in the agreed swap ratio, and Ind-Swift Limited will cease to exist as a separate listed entity. The stock (INDSWFTLTD) is likely to be delisted once the merger becomes effective, which could affect liquidity for current shareholders.