Info Edge (India) Legal & Regulatory
Info Edge filed an NCLAT appeal against an NCLT order regarding its scheme of amalgamation. The company seeks dispensation from convening various meetings.
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Info Edge filed an NCLAT appeal against an NCLT order regarding its scheme of amalgamation. The company seeks dispensation from convening various meetings.
Info Edge received a ₹0.68 Crore penalty and stamp duty order from Delhi authorities. The company is evaluating legal remedies and expects no material financial impact.
Info Edge (India) Ltd announced that the NCLT, New Delhi, has passed the First Motion Order for the amalgamation of four wholly-owned subsidiaries into the company. The tribunal dispensed with meetings for the transferor companies' stakeholders while directing meetings for the transferee company's shareholders and creditors to proceed with the merger.
Info Edge (India) Limited has filed an appeal against an Income Tax Department assessment order and a demand notice of ₹3.65 Crore for AY 2024-25. The dispute primarily concerns disallowed ESOP expenses. While the company expects no material financial impact, aggregated adverse outcomes across multiple years could exceed regulatory materiality thresholds.