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Legal15 Jul 2026, 09:00 pm

Eyantra Ventures Ltd: NCLT Approves Scheme of Arrangement

AI Summary

Eyantra Ventures Ltd announced that the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench - II, has passed a First Motion Order on July 15, 2026. This order allows the Scheme of Arrangement between Prismberry Technologies Private Limited (Wholly Owned Subsidiary/Transferor Company) and Eyantra Ventures Limited (Holding Company/Transferee Company). Notably, the NCLT has dispensed with the requirement of convening meetings of equity shareholders and creditors for both the transferor and transferee companies. This development is a significant step in the proposed corporate restructuring.

Key Highlights

  • NCLT approves First Motion Application for Scheme of Arrangement.
  • Prismberry Technologies (Transferor) and Eyantra Ventures (Transferee) involved.
  • Meetings of shareholders and creditors dispensed by NCLT.
  • Order dated July 15, 2026, uploaded on NCLT website.