Moschip Technologies Limited — JV/Acquisition, 08-04-2025: Amalgamation/Merger

MosChip Technologies Limited's Board has approved the amalgamation of its wholly-owned subsidiaries, Softnautics Inc. and Softnautics Private Limited, with itself. The merger aims to streamline operations and reduce costs by consolidating similar business functions, thereby enhancing operational efficiency and creating a more robust corporate structure. It will also eliminate managerial overlaps and facilitate better capital utilization. No cash consideration is necessary, as the share capital of the transferring companies will be cancelled without affecting the current shareholding structure of MosChip. This strategic move positions MosChip for future growth and a stronger market presence.