Board approves scheme of amalgamation of wholly owned subsidiary DEXIT Global into the company
Board of the company, at its meeting on October 19, 2026, approved a Scheme of Amalgamation of DEXIT Global Limited (a wholly owned subsidiary) into and with itself.
By ScoutQuest · · 2 min read
- DEXIT Global FY26 Standalone Turnover
- INR 223.47 Crores
- Board Approval Date
- October 19, 2026
- Consideration
- No new shares will be issued and there is no cash consideration
What the board approved
- The Board of the company approved a Scheme of Amalgamation of DEXIT Global Limited into and with the company at its meeting on October 19, 2026, which ran from 11:30 AM to 14:42 PM (IST).
- The Scheme is framed under Sections 230 to 232 of the Companies Act, 2013 and the rules thereunder.
- It now requires approval of the National Company Law Tribunal and any other regulatory authorities as required under applicable law.
Why no shares are being issued
- The entire equity share capital of DEXIT is held by the company, making it a wholly owned subsidiary.
- There will be no issue of shares by the company and no cash consideration under the Scheme.
- As a result, the company states there will be no change in its existing shareholding pattern.
- The transaction is stated to be exempt from the related party transaction provisions, and no valuation is required because no shares are being issued.
Size of the two entities (turnover, FY 2025-26)
- DEXIT Global Limited, standalone: INR 223.47 Crores.
- The company, standalone: INR 275.28 Crores.
- The company, consolidated: INR 548.12 Crores.
What each entity does
- DEXIT is engaged in Application Services, Testing Center of Excellence, Infrastructure Services, Integrated Security Response Center, Analytics as a Service and Digital Examination Services (earlier IT Enabled Services) such as e-Assessments and e-Auctions for the BFSI segment.
- The company provides education and test preparation training programmes, including tuitions to school students and coaching for entrance examinations at school and graduate/post graduate levels.
Reasons given for the amalgamation
- A simpler organisational structure with better operational and management efficiency and greater economies of scale.
- A larger single entity with a wider capital and asset base.
- Pooling of financial, human, technological and managerial resources to unlock synergies across products, customers and technology.
- More efficient use of capital for growth of the consolidated business.
- Lower costs from removing duplication of administrative expenses, overheads and compliance.
The company states the Scheme is in the interest of shareholders, creditors, employees and other stakeholders of both entities. For a reader, the key points to track are the completion of the NCLT process and any further regulatory approvals.
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13 Oct 2026
More numbers
- DEXIT Global turnover, FY 2025-26 (standalone)INR 223.47 Crores
- Company turnover, FY 2025-26 (standalone)INR 275.28 Crores
- Company turnover, FY 2025-26 (consolidated)INR 548.12 Crores
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