NSEAmalgamation/Merger30 Jun 2026 · 30 Jun 2026, 10:03 pm

Amalgamation/Merger

Future Market Networks Limited · FMNL

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Future Market Networks Limited has withdrawn its scheme of amalgamation with Metawear Limited and its shareholders, as per an order from the National Company Law Tribunal (NCLT) dated June 18, 2026.

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Growth Catalyst0/10
Governance Concern0/10
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Full Announcement

Future Market Networks Limited has informed the Exchange about Amalgamation/Merger - Withdrawal of Scheme of amalgamation amongst Future Market Networks Limited and Metawear Limited

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FMNL_30062026220306_20260630_NCLT_Order_Scheme_Withdrawn_Update.pdf

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June 30, 2026 The Manager Dept of Corporate Services (CRD) Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 NSE Scrip Symbol: FMNL BSE Code: 533296 Ref.: Intimation under Regulation 30 and other applicable regulations of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Sub. : Withdrawal of Scheme of amalgamation amongst Future Market Networks Limited, Metawear Limited and others - Copy of Order of Hon’ble NCLT Dear Sir / Madam, Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation to our earlier intimations regarding the withdrawal of Scheme of amalgamation amongst Future Market Networks Limited (‘Company’) and Metawear Limited and their respective shareholders (‘Scheme’), please find enclosed herewith the copy of Order of Hon’ble National Company Law Tribunal (“NCLT”) dated June 18, 2026, uploaded on NCLT web portal on June 30, 2026. You are requested to kindly take the above information on record. Thanking you, Yours faithfully, For Future Market Networks Limited Anil Cherian Head - Legal and Company Secretary Encl. : NCLT Order dated June 18, 2026 Future Market Networks Limited Registered Office: 2nd Floor, Knowledge House, Off. Shyam Nagar, Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai - 400 060 Tel.: +91 7498185713 ● Email info.fmnl@futuregroup.in ● Website: www.fmn.co.in NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH COURT-IV Item No. 17 C.A.(CAA)/18(MB)2026 CORAM: SHRI ANIL RAJ CHELLAN SHRI K. R. SAJI KUMAR HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL) ORDER SHEET OF HEARING (HYBRID) DATED 18.06.2026 Name of the Parties: METAWEAR LIMITED For Applicant : Adv. Ahmed Chunawala Section 230(1) of the Companies Act ORDER C.A.(CAA)/18(MB)2026 1. Counsel for the Applicant submits that the Board of Directors of the transferor company at its meeting held on 15.05.2026 and the Transferee Company at its meeting held on 19.05.2026 have passed resolutions for withdrawal of the Scheme. He has tendered a copy of the Board Resolutions. 2. Based on the above, it is submitted that he has instructions to withdraw the Application. 3. In view of the above, this C.A.(CAA)/18(MB)2026 is disposed of as withdrawn. Sd/- Sd/- ANIL RAJ CHELLAN K. R. SAJI KUMAR MEMBER (TECHNICAL) MEMBER (JUDICIAL) /Shahana/