MosChip Technologies Limited has received the certified true copy of the National Company Law Tribunal (NCLT) order approving its scheme of amalgamation involving wholly owned subsidiaries. The company announced on March 28, 2026, that it has obtained the certified copy from NCLT Hyderabad for the amalgamation of Softnautics Private Limited and Softnautics Inc with the parent company.

NCLT Order Confirmation

The NCLT Hyderabad bench issued its comprehensive order on March 25, 2026, formally sanctioning the scheme of amalgamation under Sections 230 to 232 read with Section 234 of the Companies Act, 2013. The tribunal's order provides complete legal framework for the corporate restructuring initiative.

Regulatory Compliance and Documentation

MosChip Technologies has maintained full transparency throughout the amalgamation process by adhering to all regulatory disclosure requirements. The company previously submitted the required disclosure on April 8, 2025, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The certified true copy has been formally disclosed to both BSE Limited and National Stock Exchange of India Limited through official intimation dated March 28, 2026, ensuring complete regulatory compliance and transparency.

Corporate Structure Consolidation

The amalgamation represents a strategic consolidation involving the merger of two wholly owned subsidiaries into the parent company. Both Softnautics Private Limited and Softnautics Inc will cease to exist as separate legal entities following the completion of the merger process.

The NCLT order includes comprehensive directions for statutory compliance, preservation of books and records, and adherence to all applicable laws. The tribunal has specifically directed the companies to comply with observations from regulatory authorities including the Regional Director, Official Liquidator, and Income Tax authorities.

Implementation and Next Steps

With the receipt of the certified true copy, MosChip Technologies can now proceed with the final implementation of the amalgamation scheme. The company is required to file Form INC-28 with the Registrar of Companies within 30 days and ensure compliance with all statutory requirements under the Companies Act, 2013.

This amalgamation marks a significant milestone in MosChip Technologies' corporate restructuring initiatives, aimed at streamlining operations, reducing regulatory compliance burden, and achieving operational synergies through consolidated corporate structure.

MosChip Technologies Limited has completed the allotment of equity shares to its employees under the company's Employee Stock Option Plans (ESOP). The semiconductor and technology solutions company announced this development through a regulatory filing on March 17, 2026.

ESOP Allotment Details

The Nomination and Remuneration Committee of the Board of Directors approved the allotment through a circular resolution on March 17, 2026. The allotment covers eligible employees who exercised their vested options under various MosChip Stock Option Schemes.

Impact on Share Capital

The allotment has resulted in an increase in the company's total equity share count. The newly issued shares will carry the same rights and privileges as existing equity shares of the company.

Regulatory Compliance

The company has informed both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) about this allotment as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by CS Suresh Bachalakura, Company Secretary of MosChip Technologies Limited.

The newly allotted shares will rank pari-passu with the existing shares of the company in all respects, ensuring equal treatment for all shareholders. This ESOP exercise reflects the company's commitment to employee participation in its growth and success through equity ownership.