Please find attached herewith, outcome of the Board Meeting held on October 30, 2026.
Approved the proposal for the amalgamation of Ace Alpha Tech Limited (Amalgamating Company or Company), a listed company, with Share India Securities Limited (Amalgamated Company), also a listed company, as a going concern, pursuant to the provisions of Sections 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, the National Company Law Tribunal Rules, 2016, the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the applicable SEBI circulars governing schemes of arrangement by listed entities, and other applicable laws, rules and regulations. |
Please find attached herewith, outcome of the Board Meeting held on October 30, 2026.
Approved the proposal for the amalgamation of Ace Alpha Tech Limited (Amalgamating Company or Company), a listed company, with Share India Securities Limited (Amalgamated Company), also a listed company, as a going concern, pursuant to the provisions of Sections 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, the National Company Law Tribunal Rules, 2016, the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the applicable SEBI circulars governing schemes of arrangement by listed entities, and other applicable laws, rules and regulations. |
Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, please note that the Board of Directors of the Company (the Board) at its meeting held today i.e. October 28, 2026 have considered and approved the Scheme of Amalgamation of M3BI India Private Limited (Amalgamating Company) (a wholly owned subsidiary of the Company) with Zensar Technologies Limited (Amalgamated Company/the Company) and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 read withs rules made thereunder (the Scheme). The Scheme inter alia provides for the amalgamation of the Amalgamating Company with the Company and dissolution of the Amalgamating Company without winding up. |