17-Oct-2026 13:56:02
MOSCHIPAcquisition and merger
MOSCHIP TECHNOLOGIES: SUPREME COURT VACATES STATUS QUO ORDER š¢
⢠Supreme Court's earlier status quo order dated May 11, 2026, stands vacated insofar as it relates to MosChip. ⢠Judgment debtor deposited an additional ā¹200 Cr as security with the Supreme Court on October 12, 2026. ⢠Case relates to MosChip's proposed acquisition of Vayavya Labs Pvt Ltd. ⢠Company clarifies it is not involved in the underlying dispute. ⢠NO FINANCIAL, OPERATIONAL OR BUSINESS IMPACT on MosChip, according to management. IMPACT: MILDLY POSITIVE š¢ ā Removal of legal uncertainty surrounding the proposed acquisition, with no direct financial impact disclosed.
MOSCHIP TECHNOLOGIES LTD