Notice of the Extra-Ordinary General Meeting ( EGM ) of Concord Enviro Systems Limited ( Company ) being convened pursuant to the Order of the Hon ble National Company Law Tribunal ( NCLT ), Mumbai Bench, dated March 11, 2026, in the matter of Scheme of Arrangement between Concord Enviro Systems Limited and its Shareholders ( the Scheme ).
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Concord Enviro Systems has called an EGM on April 28, 2026 (via video conferencing) as directed by the NCLT Mumbai Bench, to seek shareholder approval for a Scheme of Arrangement between the company and its shareholders. The Board had already approved the scheme on August 8, 2025, with NCLT issuing its order on March 11, 2026. The scheme is purely a balance-sheet cleanup — it proposes to set off the company's negative Retained Earnings of about Rs. 46.17 crore against its Securities Premium balance of about Rs. 244.26 crore. There is no change in share capital, shareholding pattern, or any cash outflow. The company says the move is to make reserves reflect its true financial position and open the door for future dividend payments.
Shareholders should vote on the resolution at the EGM (remote e-voting open April 25–27, 2026). The scheme itself does not change shareholding or pay out any cash, but if approved, it could clear the way for future dividend declarations. No immediate stock-price catalyst expected, though the balance sheet will look cleaner post-effective date (Appointed Date: April 1, 2025).