NCLT sanctions amalgamation of wholly owned subsidiary Futech Internet with the company
NCLT New Delhi Bench (COURT-V) has sanctioned the amalgamation of Futech Internet Pvt Ltd, a wholly owned subsidiary, into the company.
By ScoutQuest · · 2 min read
- Appointed Date
- April 1, 2025
- Approving Authority
- NCLT New Delhi Bench (COURT-V)
- Transferor Company
- Futech Internet Pvt Ltd, a wholly owned subsidiary
What the company told the exchange
Anka India Limited said the Hon'ble National Company Law Tribunal, New Delhi Bench (COURT-V), has sanctioned the scheme of amalgamation of Futech Internet Private Limited with Anka India Limited and their respective shareholders.
Who is merging into whom
- Transferor Company: Futech Internet Private Limited, a wholly owned subsidiary of the company
- Transferee Company: Anka India Limited
- Appointed date of the scheme: April 1, 2025
Where things stand now
- The NCLT order sanctioning the scheme has been received; a copy is on the company's website and on the NCLT website.
- The scheme is subject to fulfilment of the conditions set out in the scheme itself and the respective orders of the NCLT Delhi Bench and Chandigarh Bench.
- It also depends on completion of the requisite statutory and regulatory compliances and updates with the respective Registrar of Companies.
- The scheme will become effective in accordance with its terms and the directions in the NCLT orders.
Why this matters for a retail shareholder
Sanction by the tribunal is the key approval step in a merger of this kind. In simple terms, a wholly owned subsidiary is being folded into its parent, so the business held through that subsidiary would sit directly inside the listed company once the scheme takes effect. Until the conditions and updates mentioned are completed, the scheme is sanctioned but not yet effective.
The appointed date, explained
The appointed date is the reference date from which the scheme is to take effect in the books, once it becomes effective. Here the company has stated the appointed date as April 1, 2025.
What to watch
- The company's announcement that the scheme has become effective, after the conditions and ROC updates are completed.
The update is an update on a process the company has been reporting in stages, following its earlier intimations on the same scheme.
Also from Anka India
Board Meeting on 28th October 2026 to Consider September Quarter Results
24 Oct 2026
NCLT Chandigarh Bench approves scheme of amalgamation of wholly-owned subsidiary; second motion pending at New Delhi Bench
1 Oct 2026
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