Spindex Industries Limited announced on Oct, 07 2025 that it has appointed Evolve Capital Advisory Private Limited as the independent financial adviser to its independent directors in relation to the proposed acquisition of all its issued shares by Skyline II Pte. Ltd. via a scheme of arrangement under Section 210 of the Singapore Companies Act.

The company said the independent directors’ recommendation and the adviser’s opinion will be included in the forthcoming Scheme Document. Spindex urged shareholders and investors to await the document before taking any action on their holdings.