NCLT Approves Qburst Software-Tech Amalgamation Scheme

NCLT Kochi allows amalgamation application of Qburst Software Services into Qburst Technologies with an appointed date of 01.04.2025.
Share exchange ratio set at 93 Qburst Tech shares (Rs 2) for every 10 Qburst Software shares (Rs 10) based on valuation report.
Meetings dispensed for all shareholders and unsecured creditors but ordered for Qburst Software's secured NCD holders.
Scheme aims to consolidate similar IT businesses for operational efficiency, economies of scale, and better credit valuation.