| <p>A court order has approved a Scheme of Arrangement between a Transferor Company and a Transferee Company, initiating a merger where the Transferor Company will be absorbed into the Transferee Company and subsequently dissolved. The Appointed Date for the transition is April 1, 2026, at which point the Transferor Company’s assets, liabilities, and operations will become part of the Transferee Company. All consideration totaling Rs 97,50,00,000 has been paid, and a No Objection Certificate has been secured from RBL Bank Ltd. The court emphasized that the approval does not waive obligations regarding stamp duty, taxes, or potential future legal action, and requires compliance with all applicable laws and registration with the Registrar of Companies.</p> |