NDL Ventures Limited has submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited regarding receipt of an order from the National Company Law Tribunal (NCLT), Mumbai Bench.
The company received the NCLT order on June 18, 2026. The order is dated June 17, 2026 and pertains to the proposed Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (Transferor Company) into NDL Ventures Limited (Transferee Company).
The NCLT order directs the convening of meetings of Equity Shareholders and Unsecured Creditors of both the Transferor Company (Hinduja Leyland Finance Limited) and Transferee Company (NDL Ventures Limited). These meetings are to consider and, if thought fit, approve the proposed Scheme of Merger by Absorption.
The legal basis for the order is Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
The company has committed to intimate further developments in this matter to the stock exchanges in accordance with applicable laws and regulations.