Future Market Networks Ltd (FMNL) announced the withdrawal of its amalgamation scheme with Metawear Limited.

Both company Boards resolved to call off the merger plan.

The National Company Law Tribunal (NCLT) has officially disposed of the application, confirming the withdrawal.

This means the previously announced merger will not proceed.

Investors should note this update, as the strategic shift impacts the future growth trajectory that was expected from the amalgamation.