Deals27 Feb 2026, 06:31 pm
Protean eGov Technologies Ltd. Receives Approval for Composite Scheme of Arrangement from NCLT
AI Summary
Protean eGov Technologies Ltd. has announced that the Hon’ble National Company Law Tribunal, Mumbai Bench (NCLT) has allowed the Composite Scheme of Arrangement between Protean Infosec Services Limited and Protean eGov Technologies Limited and their respective shareholders and creditors. The scheme has been approved under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The company is yet to receive a certified copy of the order and will submit it to the stock exchange(s) upon receipt.
Key Highlights
- Protean eGov Technologies Ltd. has received approval for the Composite Scheme of Arrangement from the NCLT.
- The scheme has been allowed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
- The approval is for the demerger between Protean Infosec Services Limited and Protean eGov Technologies Limited.
- The company is awaiting a certified copy of the order passed by the NCLT.
- Upon receipt of the order, the company will submit a copy to the stock exchange(s).