Amalgamation - Withdrawal of Scheme of amalgamation amongst Future Market Networks Limited and Metawear…
As filed · Future Market Networks Limited has informed the Exchange about Amalgamation/Merger - Withdrawal of Scheme of amalgamation amongst Future Market Networks Limited and Metawear Limited
M&AWatchMajormateriality 83 out of 100
What happened
FactFuture Market Networks Limited has announced the withdrawal of the scheme of amalgamation with Metawear Limited and their respective shareholders. This decision is in accordance with the Order of the Hon’ble National Company Law Tribunal dated June 18, 2026. The order has been uploaded on the NCLT web portal on June 30, 2026.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
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- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +4 corroborating keywords; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%