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Future Market Networks Limited has withdrawn its scheme of amalgamation with Metawear Limited and its shareholders, as per an order from the National Company Law Tribunal (NCLT) dated June 18, 2026.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