Authority: National Company Law Tribunal, Hyderabad Bench-II
Order Date: 09 October 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard a joint application filed by Dextara Digital Private Limited (Amalgamating Company-1) under Sections 230-232 of the Companies Act, 2013, seeking dispensation of meetings of equity shareholders and unsecured creditors for a proposed scheme of amalgamation. The scheme involves the merger of Dextara Digital Private Limited and Datamatics Cloud Solutions Private Limited (Amalgamating Company-2) with Datamatics Global Services Limited (Amalgamated Company). Both amalgamating companies are wholly-owned subsidiaries of Datamatics Global Services Limited. The board of directors of all three companies approved the scheme on 21 May 2026. The tribunal noted that all 7 equity shareholders holding 4,569,575 equity shares of ₹10 each fully paid up, and both unsecured creditors with total outstanding of ₹104,524, had provided consent affidavits supporting the scheme. There were no secured creditors in Dextara Digital. The accounting treatment was certified by M L Bhuwania and Co LLP as compliant with accounting standards.
Final Outcome
The NCLT allowed the application (CA (CAA) No. 34/230/HDB/2026) and ordered dispensation of meetings for both equity shareholders and unsecured creditors of Dextara Digital Private Limited. The tribunal noted that despite the dispensation, any interested person may raise objections when the company approaches for final approval of the scheme. The application was disposed of accordingly.
Topics: Corporate Merger, NCLT Approval, Meeting Dispensation