NCLT Passes Order on Amalgamation Scheme for Info Edge and Affiliates
The National Company Law Tribunal (NCLT), New Delhi Bench, has passed an order regarding the Scheme of Amalgamation involving Info Edge (India) Limited and four other private limited companies. The ruling, dated April 7, 2026, concerned the proposed amalgamation amongst Allcheckdeals India Private Limited, Axilly Labs Private Limited, Diphda Internet Services Limited, Zwayam Digital Private Limited, and Info Edge (India) Limited.The NCLT order, as reported, allowed the First Motion Application and detailed procedural directions for the scheme.
Key aspects of the Tribunal's direction included:
- Dispensation of Meetings: The NCLT dispensed with the requirement of convening meetings for the shareholders, debenture holders, secured creditors, and unsecured creditors of the four Transferor Companies.
- Mandated Meetings: Conversely, the Tribunal directed the convening of meetings for the respective equity shareholders, secured creditors, and unsecured creditors of the Transferee Company, Info Edge (India) Limited.
Corporate Entities Involved
The amalgamation proposal covered several entities with distinct profiles and capital structures.| Company Name | Role | Incorporation Date | Core Business Activity |
|---|---|---|---|
| Allcheckdeals India Private Limited | Transferor Company 1 | 1st August 2008 | Providing brokerage services in the real estate sector in India. |
| Axilly Labs Private Limited | Transferor Company 2 | 26th November 2015 | Providing technical assessment services for recruitment and learning purposes via 'deselect.com'. |
| Diphda Internet Services Limited | Transferor Company 3 | 13th June 2018 | Providing internet, computer, and electronics data processing services. |
| Zwayam Digital Private Limited | Transferor Company 4 | 27th May 2015 | Providing Saas based sourcing and screening recruitment solutions and end-to end recruitment solutions with configurable plug and play modules. |
| Info Edge (India) Limited | Transferee Company | 1st May 1995 | Providing online and offline services primarily through portals like Naukri.com, Jeevansathi.com, 99acres.com, Shiksha.com, Iimjobs.com, and Quadrangle.com. |
Scheme Rationale and Structure
The Board of Directors of both the Transferor Companies and Info Edge (India) Limited unanimously approved the amalgamation. The rationale cited for the scheme's benefits included:- Simplification and streamlining of the corporate structure by reducing the number of legal entities.
- Eliminating corporate redundancies, such as duplicate administrative work and multiple legal and regulatory compliances.
- Pooling of resources and achieving greater efficiency in management of cash balances.
Meeting Logistics for Info Edge (India) Limited
For the Transferee Company, Info Edge (India) Limited, the NCLT mandated specific arrangements for convening stakeholder meetings:- Chairperson: Mr. Himesh Thakur was appointed as the Chairperson for the meetings, with a total remuneration of Rs. 1,50,000/- plus incidental expenses.
- Scrutinizer: Ms. Anu Shrivastava was appointed as the Scrutinizer, with a remuneration of Rs. 75,000/- plus incidental expenses.
- Quorums: The required quorums were set as 96,770 for Equity Shareholders, 2 for Secured Creditors, and 19 for Unsecured Creditors.
The Tribunal directed that notices be sent 30 days in advance, and the respective companies must publish advertisements in the 'Business Standard' (English) and 'Business Standard' (Hindi) for the Delhi NCR editions.
The proceedings were conducted under Section 230-232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.
NAUKRI Stock Price Movement
Today, Info Edge (India) Limited shares edged higher, concluding the session at ₹1032.7, reflecting a 2.71% gain. The stock saw considerable activity, with total traded volume reaching 1.75 million shares today.Source:
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