Future Market Networks Withdraws Merger with Metawear Limited
Future Market Networks Limited has officially withdrawn its scheme of amalgamation with Metawear Limited. This withdrawal follows resolutions passed by the respective Boards of Directors of both companies on May 15, 2026, and May 19, 2026. The National Company Law Tribunal (NCLT), Mumbai Bench, has disposed of the application as withdrawn based on the submissions made by the applicant's counsel. The NCLT order, dated June 18, 2026, was uploaded on the NCLT web portal on June 30, 2026. This action effectively terminates the proposed merger between the two entities.
Key Highlights
- Scheme of amalgamation between Future Market Networks and Metawear Limited withdrawn.
- Board resolutions for withdrawal passed by both companies in May 2026.
- National Company Law Tribunal (NCLT) has disposed of the application.
- Merger process between the two entities has been terminated.
Price Impact
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