Future Market Networks Limited has officially withdrawn its Scheme of Amalgamation with Metawear Limited. The NCLT has disposed of the company's application as withdrawn.
Future Market Networks Ltd. Withdraws Amalgamation Scheme with Metawear Limited
Future Market Networks Limited has withdrawn its Scheme of Amalgamation with Metawear Limited. The National Company Law Tribunal (NCLT), Mumbai Bench, disposed of the company's application as withdrawn on June 18, 2026. ## What just happened The company, Future Market Networks Ltd., formally withdrew the proposed amalgamation with Metawear Limited. This follows board meetings held by both companies in May 2026. ## Why this matters The withdrawal means the planned business integration between Future Market Networks and Metawear Limited will not proceed, ending corporate restructuring uncertainty. ## The backstory The amalgamation scheme was initiated following board resolutions in May 2026. The NCLT application (C.A.(CAA)/18(MB)2026) was officially withdrawn on June 18, 2026. ## What changes now The merger is cancelled, altering the company's strategic direction and removing this specific consolidation from future plans. ## Risks to watch No specific risks are mentioned in the withdrawal notice, but the failed merger could impact future strategic growth plans.
Disclaimer:This article is published for informational purposes only. While reasonable efforts are made to ensure accuracy, completeness, and timeliness, readers are encouraged to independently verify information before making any decisions based on the content. The views and information presented are subject to editorial review and may be updated without notice.
