NCLT Allows Scheme of Arrangement Between Eyantra Ventures and Prismberry Technologies
The National Company Law Tribunal (NCLT) has passed a First Motion Order, allowing the Scheme of Arrangement involving Prismberry Technologies Private Limited and Eyantra Ventures Limited. The decision was issued on July 15, 2026, concerning the proposed amalgamation between the two entities under Section 230 to 232 of the Companies Act, 2013.The Tribunal's order stipulated that the requirement for convening meetings of the Equity shareholders and creditors (both secured and unsecured) of both the Transferor Company (Prismberry Technologies Private Limited) and the Transferee Company (Eyantra Ventures Limited) could be dispensed with.
Details of the Scheme
The arrangement involves Prismberry Technologies Pvt Ltd, a wholly owned subsidiary, merging into its holding company, Eyantra Ventures Limited. The scheme was approved by the Boards of both companies in May 2026.
The proposed amalgamation is intended to deliver several benefits, including greater integration and financial strength for the combined entity, simplification of the management structure, and optimization of operational logistics through resource pooling. Furthermore, the arrangement aims to simplify the group structure by eliminating multiple companies with similar objectives related to software solutions.
According to the filings, the Transferor Company, Prismberry Technologies Private Limited, had no secured or unsecured creditors as of May 25, 2026. Eyantra Ventures Limited, however, reported one secured creditor and 139 unsecured creditors as on the same date.
The accounting treatment adopted under the scheme confirmed that no share exchange or consideration would flow from the Transferee Company to the Shareholders of the Transferor Company, thereby negating the need for a valuation report regarding shares.
Company Financial Status
Details regarding the capital structure and creditor status as of March 31, 2026, are as follows:
| Entity | Role in Arrangement | Issued & Paid-up Share Capital (Rs) | Key Creditor Status (May 25, 2026) |
|---|---|---|---|
| Prismberry Technologies Pvt Ltd | Transferor Company | 1,00,000 | No Secured or Unsecured Creditors |
| Eyantra Ventures Limited | Transferee Company | 2,00,68,750 | One Secured Creditor and 139 Unsecured Creditors |
The net worth of the Transferee Company, as reported on March 31, 2026, was Rs 2,880.80 (in Lakhs).
The NCLT confirmed that after reviewing the documents filed, the dispensation for conducting meetings of the Equity Shareholders and creditors for both companies is warranted based on Section 230(9) of the Act. The Tribunal disposed of the Company Application C.A. (CAA) No.24/230/HDB/2026.
Stock Price Movement
Eyantra Ventures Ltd shares settled at ₹679.55 on Wednesday, ticking up by 0.77%. The stock showed a volatile day, having traded between an intraday low of ₹667.65 and a high of ₹708.05.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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