NCLT Delhi Allows First Motion In Amalgamation Of Info Edge Subsidiaries, Orders Stakeholder Meetings

The Delhi Bench of the National Company Law Tribunal on April 7, 2026 allowed a first motion application filed by the holding company (Info Edge (India) Ltd.) behind platforms such as Naukri.com and Jeevansathi.com and directed meetings of its stakeholders in a proposed amalgamation of four wholly owned subsidiaries into it. 

The order was passed by a bench of Judicial Member Manni Sankariah Shanmuga Sundaram and Technical Member Atul Chaturvedi.

The application was jointly filed by Info Edge (India) Limited along with its subsidiaries Allcheckdeals India Pvt. Ltd., Axilly Labs Pvt. Ltd., Diphda Internet Services Ltd., and Zwayam Digital Pvt. Ltd. under Sections 230–232 of the Companies Act, 2013.

Info Edge (India) Ltd., incorporated in 1995 and listed on BSE and NSE, operates major online platforms including Naukri.com, Jeevansathi.com, 99acres.com, Shiksha.com, and Iimjobs.com, along with its offline recruitment arm Quadrangle.com.

The four transferor companies operate across different business verticals. Allcheckdeals provides real estate brokerage services. Axilly Labs runs a technical assessment platform for recruitment and learning. Diphda Internet Services is engaged in internet and data processing services. Zwayam Digital offers SaaS-based recruitment solutions.

The Boards of Directors of all five companies approved the scheme on February 5, 2025. The appointed date is April 1, 2025.

The companies said the scheme aims to simplify the group structure. It seeks to eliminate duplication in administrative functions and reduce compliance costs. It also aims to pool resources, improve cash management and enhance operational efficiency.

The Tribunal noted that all shareholders and debenture holders of the four transferor companies had given consent affidavits. None of the transferor companies has any secured or unsecured creditors.

Accordingly, the bench dispensed with meetings of shareholders and creditors for all four transferor companies.

However, Info Edge has 1,93,534 equity shareholders, three secured creditors, and 37 unsecured creditors. The company argued that no compromise is proposed with them, as the subsidiaries are wholly owned and no shares will be issued.

The Tribunal, however, directed that meetings of equity shareholders, secured creditors, and unsecured creditors of Info Edge be convened.

It appointed Himesh Thakur as Chairperson and Anu Shrivastava as Scrutinizer to conduct the meetings and issued directions concerning quorum, notice, and voting.