Amalgamation update: board approves appeal on Point 22 of NCLT order

Ventive Hospitality has informed the exchanges that its Board of Directors has approved update an appeal.

Mon 12 Oct 2026

Board Decision

Board of Directors has approved update an appeal

Order Reference

Point No. 22 of the order dated September 23, 2026 passed by the NCLT, Mumbai Bench

Scheme

Scheme of Amalgamation involving three transferor companies and Ventive Hospitality as the Transferee Company

What the company has told the exchanges

Ventive Hospitality Limited has informed BSE and NSE that its Board of Directors has approved update an appeal in relation to Point No. 22 of the order dated September 23, 2026 passed by the Hon'ble National Company Law Tribunal, Mumbai Bench. The company says it is seeking appropriate relief in this regard.

The order was passed in CA (CAA) No. 253/MB/2025. The company has also referred to its earlier intimations dated May 12, 2025, June 17, 2025 and September 24, 2026 on this matter.

The scheme behind the order

• The proposed Scheme of Amalgamation involves three transferor companies: Eon Hinjewadi Infrastructure Private Limited (First Transferor Company), Restocraft Hospitality Private Limited (Second Transferor Company) and Wellcraft Infraprojects Private Limited (Third Transferor Company).
• Ventive Hospitality Limited is the Transferee Company, meaning it is the company into which the other three are proposed to be amalgamated.
• The update refers to these companies together as the "Applicant Companies".

What this means in simple terms

An amalgamation is a merger. A scheme of amalgamation needs the sanction of the National Company Law Tribunal (NCLT), which is the body that approves such arrangements between companies. Here, the NCLT passed an order on September 23, 2026.

This intimation concerns one specific point in that order, Point No. 22. The Board has decided to challenge that point by update an appeal and to seek appropriate relief.

How a retail investor can read this

• The company has flagged that it is not satisfied with one part of the tribunal's order and is taking the legal route to address it.
• Update an appeal can create the perception of uncertainty around the next steps for the scheme.
• The company has said it will keep the stock exchanges informed of material developments.

What to watch for

Further exchange intimations from the company on the outcome of the appeal or on the next steps in the scheme. The company has committed to updating the exchanges on material developments.

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