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Info Edge (India) Limited has secured a significant regulatory milestone with the National Company Law Tribunal (NCLT) New Delhi Bench approving its first motion application for a comprehensive amalgamation scheme. The order, dated April 07, 2026, paves the way for the merger of four wholly-owned subsidiaries into the parent company, marking a strategic consolidation move.
NCLT Order Details
The Hon'ble NCLT issued its order on April 07, 2026, which was uploaded on the tribunal's website on April 08, 2026. The order addresses the scheme of amalgamation involving multiple transferor companies and Info Edge as the transferee company.
Parameter: Details Order Date: April 07, 2026 Case Number: C.A. (CAA) NO. 62/ND/2025 Appointed Date: April 01, 2025 Tribunal: NCLT New Delhi Bench, Court-IV
Companies Involved in Amalgamation
The scheme encompasses four transferor companies, all wholly-owned subsidiaries of Info Edge, each operating in distinct business segments:
Allcheckdeals India Private Limited operates in real estate brokerage services with a paid-up capital of ₹9,84,75,000 divided into 98,47,500 equity shares of ₹10 each. The company was incorporated on August 01, 2008.
Axilly Labs Private Limited provides technical assessment services through its platform 'deselect.com' for recruitment and learning purposes. It has a paid-up capital of ₹1,51,540 comprising 15,154 equity shares of ₹10 each, incorporated on November 26, 2015.
Diphda Internet Services Limited focuses on internet, computer, and electronics data processing services. The company has a substantial paid-up capital of ₹3,48,18,17,500, including equity shares and compulsorily convertible preference shares, incorporated on June 13, 2018.
Zwayam Digital Private Limited offers SaaS-based sourcing and screening recruitment solutions with end-to-end recruitment capabilities. It maintains a paid-up capital of ₹15,31,560 divided into 1,53,156 equity shares of ₹10 each, incorporated on May 27, 2015.
Meeting Dispensations and Requirements
The NCLT has granted significant procedural relief by dispensing with meetings for all transferor companies due to unanimous consent from stakeholders:
Company: Shareholders Debenture Holders Meeting Status Allcheckdeals India: 2 Equity 2 CCD Holders Dispensed Axilly Labs: 7 Equity 1 Debenture Dispensed Diphda Internet: 7 Equity, 1 Preference None Dispensed Zwayam Digital: 7 Equity 1 Debenture Dispensed
For Info Edge as the transferee company, the NCLT has directed the convening of meetings for its stakeholders, including 1,93,534 equity shareholders, 3 secured creditors, and 37 unsecured creditors.
Strategic Rationale
The amalgamation scheme is designed to achieve multiple strategic objectives that will benefit all stakeholders. The consolidation will simplify and streamline the corporate structure by reducing the number of legal entities in the group, thereby eliminating corporate redundancies such as duplication of administrative work and multiple compliance requirements.
Key benefits include:
Pooling of resources from transferor companies with Info Edge's resources
Greater efficiency in cash balance management and access to combined cash flows
Enhanced management focus and control over integrated business operations
Reduction in associated administrative and compliance costs
Appointed Officials and Procedures
The NCLT has appointed Mr. Himesh Thakur as Chairperson for the transferee company meetings with a remuneration of ₹1,50,000, and Ms. Anu Shrivastava as Scrutinizer with ₹75,000 remuneration. The quorum requirements have been set at 96,770 for equity shareholders, 2 for secured creditors, and 19 for unsecured creditors.
The meetings must be preceded by individual notices sent 30 days in advance through email or registered post, along with advertisements in Business Standard (English and Hindi editions) for the Delhi NCR region. The Chairperson is required to report meeting results to the tribunal within seven days of conclusion.
This regulatory approval represents a crucial step in Info Edge's corporate restructuring strategy, positioning the company for enhanced operational efficiency and streamlined governance across its business portfolio.
Info edge (India) Limited has reported standalone billings of ₹1057.1 crore for the quarter ended March 31, 2026, representing a 7.5% year-on-year growth compared to ₹983.8 crore in the corresponding quarter of the previous year. The company's annual billings for FY26 reached ₹3177.5 crore, up 10.3% from ₹2881.7 crore in FY25.
Quarterly and Annual Billing Performance
The company's overall performance showed consistent growth across both quarterly and annual metrics:
Period: Q4FY26 Q4FY25 Growth FY26 FY25 Growth Standalone Billings (₹ Cr): 1057.1 983.8 7.5% 3177.5 2881.7 10.3%
Segment-wise Business Performance
The company's four key business segments showed varied performance during Q4FY26:
Business Segment: Q4FY26 (₹ Cr) Q4FY25 (₹ Cr) Growth FY26 (₹ Cr) FY25 (₹ Cr) Growth Recruitment Solutions: 810.7 740.3 9.5% 2374.3 2157.7 10.0% 99acres: 162.8 159.8 1.9% 497.1 450.7 10.3% Jeevansathi: 38.6 31.9 20.9% 142.4 110.9 28.5% Shiksha: 45.1 51.8 -13.0% 163.7 162.4 0.8%
Recruitment Solutions Segment
The Recruitment Solutions business achieved 9.5% year-on-year growth in Q4FY26, maintaining consistency with the full-year average growth of 10.0%. This performance came despite operating against a relatively higher base of 18.4% year-on-year growth in the same quarter of the previous year. The company noted that growth moderated due to broader macroeconomic uncertainty and external geopolitical headwinds, which particularly impacted the Naukri Gulf business. These factors also affected the Recruitment India B2B business billings during the quarter.
Real Estate and Other Segments
The 99acres segment continued strengthening its market position, with web traffic time-share growing to 49% in January and February 2026 from 46% in the previous quarter. The platform established leadership in app traffic time-share, commanding 53% of overall app traffic and 66% of iOS app traffic time-share during the same period. However, the company implemented changes in its sales organization during the quarter, leading to transitional impacts on Q4 billings.
Jeevansathi maintained strong momentum with 20.9% year-on-year growth in Q4FY26 and achieved full-year growth of 28.5%, demonstrating continued expansion in the matchmaking segment. In contrast, the Shiksha segment faced challenges with a 13.0% decline in quarterly billings, as AI-driven search increasingly addressed user queries directly, reducing search referrals to the platform.
Company Outlook and Strategic Initiatives
The company indicated that following organizational changes in the 99acres segment, it expects to build on its traffic and market leadership with an improved growth trajectory in FY27. For the Shiksha business, the company is actively pivoting its model and introducing new offerings to reduce dependence on search, with this transition expected to play out over the medium term as new initiatives gain scale. The unaudited financial figures are subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors.
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