StockWatch
·
Electronic Media
Merger23 Oct 2026, 11:31 am

NCLT Allows Merger Scheme of Cyber Media Research & Services

AI Summary

Cyber Media (India) Limited announced that the National Company Law Tribunal (NCLT), Delhi Bench, has allowed the Joint Application of First Motion regarding the Scheme of Merger of Cyber Media Research & Services Limited (Transferor Company) into Cyber Media (India) Limited (Transferee Company). The NCLT has dispensed with the meetings of Secured Creditors for both companies and directed the convening of meetings for Unsecured Creditors and Equity Shareholders of both the Transferor and Transferee Companies. This order, dated October 16, 2026, is a significant step towards the completion of the merger.

Key Highlights

  • NCLT allows the first motion application for the merger scheme.
  • Meetings of secured creditors dispensed for both companies.
  • Meetings of unsecured creditors and equity shareholders to be convened.
  • Merger progresses between Cyber Media Research & Services and Cyber Media (India) Limited.