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Moschip Technologies informs about outcome of board meeting

08 Apr 2025 Evaluate
Moschip Technologies has informed that Board of Directors in its meeting held on today, 08th April, 2025, subject to such approvals as may be required, on the recommendation of the Audit Committee & Independent Directors, considered and approved the Scheme of Amalgamation of Softnautics Inc. (Transferor Company-1) and Softnautics (Transferor Company-2) with Moschip Technologies Limited (Transferee Company) and their respective Shareholders and Creditors (Scheme) under the provisions of section 230 to 232 read with Section 234 and other applicable provisions of the Companies Act, 2013 read with relevant rules framed thereunder. The Scheme is subject to the sanction of National Company Law Tribunal (NCLT), Hyderabad Bench and receipt of necessary approvals from shareholders / creditors, as may be directed by the NCLT and such other regulatory / statutory authorities, as may be required. In terms of the Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, it enclosed the details of the Scheme as Annexure -1. The Scheme as approved by the Board would be available on the website of the Company at https://moschip.com/scheme-of-merger/ after submission of the same with the Stock Exchanges.

The above information is a part of company’s filings submitted to BSE.

Moschip Technologies Share Price

209.25 7.35 (3.64%)
06-May-2026 16:59 View Price Chart
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