MosChip Gets Court Nod to Merge Softnautics Subsidiaries

– The NCLT in Hyderabad cleared MosChip Technologies Ltd to absorb its two wholly‑owned subsidiaries, Softnautics Inc. (U.S.) and Softnautics Private Limited (India), creating a single listed entity with no shareholder dilution.

• Court approval issued on 25 Mar 2026 makes the amalgamation effective on 04 Apr 2025, cancelling all subsidiary shares and avoiding any new issuance to MosChip shareholders.
• Capital structure after the merger: authorized share capital of ₹56.55 cr (28,27,55,000 shares of ₹2) and paid‑up capital of ₹38.33 cr (19,16,63,710 shares) following a modest post‑FY‑2025 issuance.
• Debt safeguards: RBL Bank holds a secured charge of ₹1.06 cr against an outstanding loan of ₹70.44 cr; HDFC Bank provided a performance guarantee of ₹55.47 cr (non‑secured).
• Strategic aim – eliminate duplicate compliance work, streamline management, and present a unified MosChip brand, unlocking cross‑selling synergies across software, VLSI, ASIC/SoC, IoT and embedded solutions.
• Regulatory compliance – SEBI filings completed on 08 Apr 2025 (Reg 30 & 37) and FEMA certificate obtained, confirming deemed RBI approval for the cross‑border merger.