In the matter of the Companies Act,

2013 ; AND

In the matter of

Sections 230 to Section 232 of the

Companies Act, 2013 and other

applicable provisions of the Companies

Act, 2013

read with Companies (Compromises,

Arrangements and Amalgamation)

Rules, 2016;

AND

In the matter of

The Scheme of Arrangement

Between

Bennett, Coleman & Company Limited

(Demerged Company)

With

Times Horizon Private Limited

(Resulting Company)

And their respective Shareholders and

Creditors.

Bennett, Coleman & Company Limited

[CIN: U22120MH1913PLC000391] ... First Petitioner Company

Times Horizon Private Limited

[CIN: U60200MH2025PTC443127] ... Second Petitioner Company

Order delivered on 19.11.2025

Coram:

Shri. Prabhat Kumar Shri Sushil Mahadeorao Kochey Hon’ble Member (Technical) Hon’ble Member (Judicial)

Appearances :

For the Applicant(s) : Adv. Mehul Shah a/w Adv.

Peshwan Jehangir, Adv. Rushabh Gala, Adv. Roselin Alex, Adv. Palak Vashisth and Adv. Kashvi Shetty i/b Khaitan & Co for the Applicant Companies.

ORDER

1. The present Composite Scheme of Arrangement between Bennett, Coleman & Company Limited (“First Applicant Company” or “Demerged Company” or “BCCL”) and Times Horizon Private Limited (“Second Applicant Company” or “Resulting C