Moschip Technologies Limited Receives Approval for Amalgamation Scheme
Moschip Technologies Limited announced on March 28, 2026, that the Hon’ble NCLT, Hyderabad Bench, has approved the Scheme of Amalgamation of Softnautics Private Limited and Softnautics Inc (wholly owned subsidiaries) with Moschip Technologies Limited, effective from an appointed date of April 4, 2025.The amalgamation is pursuant to Sections 230-232 read with Section 234 of the Companies Act, 2013. The decision follows a disclosure under regulation 30, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, made on April 8, 2025.
Scheme Details
The scheme involves the amalgamation of Softnautics Inc. (a company incorporated in California, USA) and Softnautics Private Limited with Moschip Technologies Limited. Softnautics Private Limited is an indirect wholly owned subsidiary of Moschip Technologies Limited.Share Capital Structure of Softnautics Private Limited as on April 4, 2025:
| Particulars | Amount (Rs.) |
|---|---|
| Authorized Share Capital | |
| 1,00,000 Equity Shares of Rs.10/- each | 10,00,000 |
| Total | 10,00,000 |
| Issued, Subscribed and Paid- up Share Capital | |
| 10,000 fully paid-up Equity Shares of Rs.10/- each | 1,00,000 |
| Total | 1,00,000 |
Share Capital Structure of Moschip Technologies Limited as on March 31, 2025:
| Particulars | Amount Rs.) |
|---|---|
| Authorized Share Capital | 56,55,10,000/- |
| Issued, subscribed and paid-up capital | 38,21,56,584/- |
| Total | 38,21,56,584/- |
As of March 28, 2026, the issued, subscribed and paid-up capital of Moschip Technologies Limited has increased to Rs.38,33,27,420.
Key Directives from NCLT
The NCLT order includes directives for Moschip Technologies Limited concerning:- Compliance with Foreign Exchange Management Act, 1999 and related guidelines.
- Compliance with the Accounting Treatment Standards prescribed under Section 133 of the Companies Act, 2013.
- Preservation of books of accounts.
- Filing of a statement every year in compliance with Section 232(7) of the Companies Act, 2013.
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