MosChip Technologies Limited confirmed that the Supreme Court of India has vacated the status quo order dated May 11, 2026, which previously restricted proceedings related to the proposed acquisition of Vayavya Labs Private Limited.

The court’s decision follows the deposit of an additional security amount of ₹200 crore by the judgment debtor on October 12, 2026. This action was taken in compliance with directions contained in the Supreme Court’s judgment pronounced on September 1, 2026.

Legal Context and Company Position

The company clarified that it is not connected to the underlying dispute between the parties. MosChip had filed an Impleadment Application before the Supreme Court solely to protect its interests in the proposed acquisition transaction. The vacating of the status quo removes the interim legal restraint that had been in place since May 2026.

Impact Assessment

MosChip stated unequivocally that there is no financial, operational, or business impact on the company arising from these developments. The resolution of this specific legal hurdle allows the broader acquisition process to proceed without the prior judicial stay affecting its interests.

The disclosure was made to BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, updating earlier intimations from May and September 2026.

MosChip Technologies Limited disclosed the voting results of its 27th Annual General Meeting (AGM) held on September 29, 2026. All business transacted at the meeting was passed with the requisite majority.

The company filed the disclosure with the stock exchanges pursuant to Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM).

Key Resolutions Passed

Two ordinary resolutions were put to vote during the AGM:

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
2. Director Re-appointment: To appoint Mr. Vinayendra Parvathaneni as a Director in place of himself, who retired by rotation under Section 152(6) of the Companies Act, 2013.

Voting Breakdown

The scrutinizer’s report, prepared by B S S & Associates, Company Secretaries, detailed the votes cast in favour and against each resolution. The total number of shareholders on record was 378,780. No promoters or public shareholders attended physically; participation was limited to e-voting and video conferencing.

What the Numbers Show

Promoter and Promoter Group holdings constitute a significant portion of the voting power, casting 63,531,739 votes in favour across both resolutions. This represents approximately 83.11% of their total shareholding of 76,444,928 shares. The remaining support came from institutional and non-institutional public shareholders, who voted overwhelmingly in favour, with only a negligible number of dissenting votes recorded against both items.

The low turnout from the public category, particularly non-institutions where only about 2.84% of held shares were voted, suggests that the outcome was largely determined by promoter participation and institutional proxies.