Deals6 Jan 2026, 06:42 pm
Mac Charles India Ltd Receives First Motion NCLT Order for Scheme of Arrangement
AI Summary
Mac Charles India Ltd has received the first motion NCLT order for the Scheme of Arrangement between the company and Embassy Prism Ventures Limited. The order was received on January 6, 2026, following the filing of the first motion application on October 1, 2025. The company is currently rectifying certain factual discrepancies in the order and seeking an extension for convening the equity shareholders’ meeting due to time constraints. Updates will be provided in due course.
Key Highlights
- Mac Charles India Ltd receives first motion NCLT order for Scheme of Arrangement
- Order received on January 6, 2026
- Company seeking extension for equity shareholders’ meeting due to time constraints
- Factual discrepancies being rectified in the order
- Updates to be provided soon