Scheme of Arrangement between IIFL Securities Limited (Demerged Company) and the Company and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013(''Scheme'') Outcome of Board Meeting Further to our intimation dated December 06, 2022, wherein we had informed that the Board had approved the Scheme of Arrangement between the Company and 5paisa Capital Limited and their respective shareholders and creditors ('Scheme'), which, inter-alia, provided for the demerger of the Online Retail Trading Business of the Company i.e. Demerged Undertaking (as defined in the Scheme) into 5paisa Capital Limited, it may be noted that the Company had made the requisite application to the Stock Exchanges and duly responded to all the queries in this regard. However, the Stock Exchanges had requested theCompany to refile the same with additional documents/ clarifications. Considering the base of customers, valuation and market conditions has changed substantially post approval of the Scheme by the Board in December 2022, the Board, in the interest of the Company and its stakeholders, has decided to withdraw and re-evaluate the Scheme. An update regarding withdrawal of Scheme of Arrangement between the Company and IIFL Securities Limited and their respective shareholders and creditors. (As per BSE Announcement Dated on 22/01/2024)