Inventure Growth and Securities Limited Approves Withdrawal of Proposed Scheme of Arrangement
Inventure Growth and Securities Limited has approved the voluntary withdrawal of its proposed Scheme of Arrangement, following the inability to secure all necessary statutory approvals for the transaction. The decision was taken by the Board of Directors during a meeting held on August 3, 2026.The original scheme involved two major steps: first, the amalgamation of four transferor companies into Inventure Growth and Securities Limited (IGSL). These companies were Inventure Finance Private Limited, Inventure Commodities Limited, Inventure Insurance Broking Private Limited, and Inventure Developers Private Limited. Second, immediately after this amalgamation took effect, the scheme included the demerger of the Lending Business Undertaking from IGSL into a wholly owned subsidiary named Inventure Wealth Management Limited (IWPL).
The proposed Scheme had been initially intimated on April 4, 2025, and had received No Objection Letters from BSE Limited and National Stock Exchange of India Limited. However, the implementation of the Scheme was contingent upon obtaining all applicable statutory approvals, including approval from the Reserve Bank of India (RBI), which is required for both the transferor and resulting company in this transaction.
As the requisite RBI approval has not been received, and without such approval the scheme cannot be implemented, the Board of Directors decided not to proceed with the proposed Scheme of Arrangement and subsequently approved its withdrawal.
The withdrawal of the Scheme does not have any financial impact on the Company. Furthermore, as the Scheme had not been filed before the National Company Law Tribunal, there are no pending proceedings related to it before that body.
INVENTURE Stock Price Movement
On Monday, Inventure Growth & Securities Limited shares edged higher, settling at ₹0.91 after gaining 1.11% in the session. The stock saw robust activity, with 2.38 million shares being traded during the market period.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.
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