Innovassynth Investments Ltd — Others, 01-08-2025: AGM/EGM

Innovassynth Investments (IIL) has announced a shareholder meeting on September 5, 2025, to approve the merger by absorption of Innovassynth Technologies (ITIL) into itself. Under the proposed scheme, ITIL shareholders will receive one IIL equity share for every one ITIL share held. This merger aims to consolidate group businesses, enhance operational efficiency, and reduce costs. ITIL brings assets worth ₹218.66 Cr and liabilities of ₹111.67 Cr. The combined entity will gain from ITIL's operating business, which had a turnover of ₹160 Cr last year. Promoter shareholding in IIL will increase from 31.46% to 73.70% post-merger, but public shareholders' effective holding remains constant.