
Merger30 Jun 2026, 07:00 pm
NDL Ventures Board Notes NCLT Order for Hinduja Leyland Finance Merger
AI Summary
NDL Ventures Ltd's Board of Directors met on June 30, 2026, and took note of a National Company Law Tribunal (NCLT) order dated June 17, 2026. This order directs the convening of a meeting for the company's Equity Shareholders regarding the proposed Scheme of Merger by Absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited. The Board also reviewed the notice and explanatory statement for this meeting. Importantly, as all three unsecured creditors have been paid and provided a no-due certificate, a separate meeting for unsecured creditors is deemed unnecessary. The NCLT-convened meeting for Equity Shareholders is scheduled for July 30, 2026.
Key Highlights
- Board noted NCLT order for shareholder meeting on merger.
- Merger involves Hinduja Leyland Finance and NDL Ventures.
- Meeting for equity shareholders set for July 30, 2026.
- Meeting for unsecured creditors not required due to payments.
- Board reviewed meeting notice and explanatory statement.
Price Impact
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