Info Edge (India) Limited has announced that the National Company Law Tribunal (NCLT), New Delhi Bench, passed an order on April 7, 2026, allowing the First Motion Application for the Scheme of Amalgamation. This scheme involves the amalgamation of four wholly-owned subsidiaries: Allcheckdeals India Private Limited, Axilly Labs Private Limited, Diphda Internet Services Limited, and Zwayam Digital Private Limited, with Info Edge (India) Limited as the transferee company. The NCLT has dispensed with the need to convene meetings of shareholders, debenture holders, secured creditors, and unsecured creditors for the transferor companies, as consent affidavits have been obtained from all relevant parties. However, the NCLT has directed the convening of meetings for the equity shareholders, secured creditors, and unsecured creditors of the transferee company, Info Edge (India) Limited. The rationale behind the amalgamation is to simplify and streamline the corporate structure, reduce the number of legal entities, eliminate redundancies, pool resources, enhance efficiency in cash management, and achieve greater management focus. The appointed date for the scheme is April 1, 2025. Mr. Himesh Thakur has been appointed as the Chairperson and Ms. Anu Shrivastava as the Scrutinizer for the meetings of Info Edge (India) Limited. The remuneration for the Chairperson will be ₹1,50,000 and for the Scrutinizer will be ₹75,000, exclusive of taxes and out-of-pocket expenses. The meetings will be held at a date and time decided by the Chairperson in consultation with the transferee company. Individual notices will be sent to parties at least 30 days in advance, and advertisements will be published in "Business Standard" (English and Hindi) newspapers.
