Innovassynth Investments Limited has officially completed its transformation to Innovassynth Technologies (India) Limited following Ministry of Corporate Affairs approval on December 31, 2025. This name change represents the final step in the company's post-merger restructuring after the NCLT-approved merger with Innovassynth Technologies (India) Limited, which included substantial shareholding changes and regulatory filings under SEBI takeover regulations.

Official Name Change and Corporate Restructuring

The Ministry of Corporate Affairs approved the company's name change from "Innovassynth Investments Limited" to "Innovassynth Technologies (India) Limited" effective December 31, 2025. The transformation was executed pursuant to the merger scheme sanctioned by the National Company Law Tribunal, Mumbai Bench, with all necessary filings completed with BSE and the Registrar of Companies, Mumbai.

Share Allotment and Capital Enhancement

The Board of Directors approved the allotment of 4,74,65,031 equity shares of ₹10.00 each to shareholders of the transferor company. The allotment was executed based on a 1:1 share swap ratio, with December 19, 2025, serving as the record date for determining eligible shareholders.

Post allotment, the company's paid-up equity share capital increased to ₹75.45 crores, divided into 7.54 crore fully paid-up equity shares. These newly allotted shares rank pari-passu with existing equity shares and are proposed to be listed and traded on BSE Limited.

SEBI Regulation 10(6) Disclosure Filing

On December 24, 2025, the Raheja group filed comprehensive disclosures under Regulation 10(6) of SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure was filed following the acquisition of 4,68,05,250 equity shares through the merger scheme, which was exempt from open offer obligations under Regulation 10(1)(d)(ii).

Overall Promoter Group Shareholding Pattern

Following the merger completion, the total promoter group shareholding in the company increased substantially from 31.46% to 73.70%. The transformation resulted in the Raheja group becoming the controlling shareholders while existing promoters retained reduced but significant stakes.

Leadership Appointments and Board Restructuring

The board approved several key appointments as part of the post-merger integration strategy. Mr. Prosenjit Gupta was appointed as Chairperson of the company with immediate effect. Dr. Hardik Joshipura continues as Managing Director and was additionally appointed as Chief Executive Officer.

Regulatory Compliance and Merger Timeline

The merger by absorption was approved by the National Company Law Tribunal, Mumbai Bench, with the scheme becoming effective on December 19, 2025. All regulatory filing requirements were completed with the Ministry of Corporate Affairs under Section 232(5) of the Companies Act, 2013.

Innovassynth Investments Limited (IIL) has reported a consolidated loss of Rs 1,172.44 lakhs for the half-year ended September 30, 2025, according to the company's latest financial results. This marks a slight increase in losses compared to the previous year's figure of Rs 1,158.37 lakhs for the same period.

Key Financial Highlights

All figures in Rs lakhs

The company's financial performance was significantly impacted by losses from its associate company, which contributed Rs 1,125.22 lakhs to the total consolidated loss.

Proposed Merger

In a significant development, the Board of Directors of Innovassynth Investments Limited has approved a draft merger scheme with its associate company, Innovassynth Technologies (India) Limited (ITIL). This strategic move aims to streamline operations and potentially improve the company's financial position.

Financial Review Process

The unaudited financial results for the quarter and half-year ended September 30, 2025, were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The review was conducted in accordance with the Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India.

Auditor's Review

P G Bhagwat LLP, the company's statutory auditors, conducted a review of the financial statements. In their limited review report, they stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices.

Conclusion

As Innovassynth Investments Limited navigates through these financial challenges and structural changes, the proposed merger with Innovassynth Technologies (India) Limited could be a significant move. The success of this merger, once implemented, may impact the company's future financial performance and market position.