Merger23 Apr 2026, 07:01 pm
NCLT orders Digispice shareholder meeting for amalgamation
AI Summary
The National Company Law Tribunal (NCLT) issued an order on April 22, 2026, directing Digispice Technologies Limited to convene a meeting of its equity shareholders. This meeting, to be held via video conferencing, is for considering and approving a Scheme of Amalgamation. The scheme involves Digispice Technologies as the transferee company, merging with Spice Money Limited, E-arth Travel Solutions Private Limited, and Vikasni Fintech Private Limited as transferor companies. The NCLT also granted dispensations for meetings of other transferor companies' shareholders and Digispice's secured creditors.
Key Highlights
- NCLT ordered Digispice to convene an equity shareholder meeting.
- Meeting is to consider a Scheme of Amalgamation (merger).
- Digispice is the transferee company in the proposed merger.
- Three other companies are involved as transferor entities.
- NCLT dispensed with meetings for certain other stakeholders.