Saksoft: NCLT Chennai sanctions amalgamation of subsidiary Augmento Labs into it
What the filing says
- NCLT Chennai order dated September 16, 2026 sanctions the merger of wholly owned subsidiary Augmento Labs Private Limited into Saksoft Limited; the Appointed Date is April 01, 2026.
- The Scheme becomes effective when the certified copy of the order is filed with the Registrar of Companies, Chennai; the order has typographical/clerical errors that are to be rectified.
- Under the Scheme, Saksoft's shares in Augmento Labs are cancelled, and no new shares are issued or cash paid in lieu of them.
Why it's rated notable: merger demerger is always high
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.