NCLT Chandigarh sanctions composite scheme for The Hind Samachar Limited involving capital reduction and demerger into two separate companies.
Scheme includes reduction of capital with payout of ₹1,522.20 per equity share to shareholders and transfer of undertakings to resulting companies.
Regulatory authorities including ROC and Income Tax Department raised no substantive objections after company responses and undertakings.
Appointed date for the scheme is fixed as 01.04.2026 with all legal proceedings to continue against respective resulting companies.