Concord Enviro Systems Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on April 28, 2026
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Concord Enviro Systems Limited held a Court Convened General Meeting on April 28, 2026, as directed by the Hon'ble NCLT Mumbai Bench. The meeting was conducted via video conferencing to consider and approve a Scheme of Arrangement between the Company and its shareholders under Sections 230, 52, and 66 of the Companies Act, 2013. The meeting was chaired by former NCLT member Mr. V. Nallasenapathy, with Mr. Anish Goel (CFO) explaining the rationale and strategic benefits of the proposed scheme to shareholders. Remote e-voting was conducted from April 25-27, 2026 through NSDL platform, with e-voting kept open for 15 minutes after the meeting concluded at 11:00 AM. One shareholder participated with a query which was satisfactorily addressed by the management. The scrutinizer, Mr. Martinho Ferrao, was present to oversee the voting process.
The shareholder meeting for the Scheme of Arrangement is a significant corporate action that could impact the company's capital structure and shareholder权益. The successful conduct of this meeting is a procedural step toward obtaining NCLT approval for the scheme, which may lead to restructuring, consolidation, or other changes affecting existing shareholders.