MCA corrigendum revises paragraphs of its order on first motion application in merger scheme
Company has informed exchanges about a Corrigendum dated October 14, 2026 issued by the Ministry of Corporate Affairs.
By ScoutQuest · · 2 min read
- Corrigendum Date
- October 14, 2026
- MCA Order Date
- October 09, 2026
- Scheme Board Approval Date
- 14.07.2026
What has been shared
The company has informed the stock exchanges about a Corrigendum dated October 14, 2026 issued by the Ministry of Corporate Affairs, New Delhi. It comes in continuation of the Ministry's Order dated October 09, 2026 on the First Motion Application in the matter of the Scheme of Arrangement for merger of HSCC (India) Limited with the company, and their respective shareholders and creditors.
The letter from the Ministry refers to an application received under sections 230-232 of the Companies Act, 2013 for sanctioning the Scheme of Arrangement for Merger of HSCC (India) Limited with the company. In the scheme, HSCC (India) Limited is the Transferor Company and the company is the Transferee Company.
What the corrigendum says
- The Ministry has directed that certain paragraphs of the order dated 09.10.2026 be read as revised.
- One revised paragraph states that the Scheme of Amalgamation was approved by the Board of Directors of the Transferor Company on 14.07.2026 and the Transferee Company on 14.07.2026, and that copies of the corresponding Board Resolutions were duly signed and shared along with the application.
- Another revised paragraph states that the application is supported by the affidavit of Ms. Deepti Gambhir, authorised signatory of the Transferee Company, who is duly authorised to file the same on behalf of the Transferee Company, in terms of the Board of Directors resolution dated 14.07.2026.
- The other terms and conditions of the order dated 09.10.2026 remain unchanged.
- The corrigendum is dated 14 October 2026 and is issued from New Delhi.
How a retail investor may read this
A corrigendum is a correction or clarification. Here it revises the wording of certain paragraphs of an order that had already been issued, while the remaining terms and conditions of that order stay unchanged. It is not a fresh approval of the merger and does not by itself alter the other terms of the order dated 09.10.2026.
The update relates to the procedural stage of the proposed merger of HSCC (India) Limited with the company. The earlier order it corrects was itself passed on a First Motion Application, that is, an application in the matter of the Scheme of Arrangement for the merger.
The company's intimation notes that the information is also available on the company's website at the announcement notices page cited in the letter.
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