Future Market Networks Limited has announced the withdrawal of its scheme of amalgamation with Metawear Limited. The decision follows a resolution by the Board of Directors of Metawear Limited not to proceed with the proposed arrangement. The Board of Future Market Networks Limited took note of this development and resolved to withdraw the scheme during its meeting held on May 19, 2026.

Withdrawal Details

The amalgamation scheme, initially disclosed on February 10, 2025, involved Future Market Networks Limited, Metawear Limited, and their respective shareholders. The companies have now mutually agreed to discontinue the process. Consequently, an application seeking the withdrawal of the scheme will be submitted to the Hon'ble National Company Law Tribunal, Mumbai Bench in due course.

Regulatory Disclosure

The intimation regarding the withdrawal has been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was addressed to the Listing Departments of the National Stock Exchange of India Limited and BSE Limited for their information and records.

Future Market Networks Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The company filed the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 with both the National Stock Exchange of India Limited and BSE Limited on April 06, 2026.

Regulatory Compliance Documentation

The certificate was issued by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), which serves as the company's Registrar and Share Transfer Agent. The document confirms compliance with dematerialisation processes and regulatory requirements for the fourth quarter of fiscal year 2026.

Certificate Confirmation Details

MUFG Intime India Private Limited confirmed several key compliance aspects in their certificate dated April 3, 2026. The registrar verified that securities received from depository participants for dematerialisation during the quarter were properly confirmed to the depositories. All securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded.

The certificate also confirms that security certificates received for dematerialisation were appropriately processed, with certificates being mutilated and cancelled after due verification by the depository participant. The names of depositories have been substituted in the register of members as registered owners within the prescribed timelines.

Corporate Information

Future Market Networks Limited operates under CIN L45400MH2008PLC179914. The compliance documentation was signed by Anil Cherian, Head – Legal and Company Secretary, representing the company in its regulatory submissions. MUFG Intime India Private Limited, with CIN U67190MH1999PTC118368, has its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.

The certificate represents routine quarterly compliance under SEBI's regulatory framework for depositories and participants, ensuring proper handling of dematerialised securities and maintaining transparency in the securities transfer process.