Dhruva Capital Services Ltd announced that its Board of Directors approved the cancellation and withdrawal of the Scheme of Amalgamation and Arrangement involving Vector Finance Private Limited and the company itself. The decision was finalized during the Board meeting held on Wednesday, April 8, 2026.
The Scheme of Amalgamation and Arrangement, which had been previously considered and approved by the Board on September 12, 2025, aimed to effect the amalgamation between Vector Finance Private Limited, designated as the Transferor Company, and Dhruva Capital Services Limited, designated as the Transferee Company.
The company stated two primary reasons for the decision to withdraw the Scheme. Firstly, the withdrawal is due to the pending approval from the BSE following the filing of the listing application with the exchange. Secondly, the decision was prompted by a change in the valuation of the Company since the date the Scheme was relevant.
Consequently, Dhruva Capital Services Ltd confirmed that it will not be proceeding further with the amalgamation process.
The Board meeting on which the withdrawal was approved commenced at 11:30 A.M. and concluded at 12:15 P.M.
Stock Price Movement
As of 12:33 PM, Dhruva Capital Services Ltd shares are ticking up to ₹274.00, making a solid 4.62% gain for the day. The stock has maneuvered within its trading range, trading between a low of ₹272.00 and an intraday high of ₹274.95.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: