Disclosure of e voting Results and Scrutinizer''s Report of meeting of equity shareholders convened pursuant to order dated 13.6.2025 and 02.07.2025 by Hon''ble NCLT-Hyderabad Bench.
Awaiting price reaction for this filing.
Narbada Gems and Jewellery Ltd held an NCLT-convened meeting of equity shareholders on August 21, 2025, to approve the Scheme of Arrangement for Amalgamation with Uday Jewellery Industries Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. The resolution was passed overwhelmingly, with 99.99% of valid votes cast in favor (16,829,954 shares) and only 102 shares (0.0006%) against. Shareholders holding 79.5% of the total paid-up share capital participated in voting — promoter group voted 100% in favor while public shareholders voted 99.99% in favor. The NCLT-appointed Scrutinizer confirmed the resolution was passed with the requisite three-fourths majority in value, also meeting the SEBI requirement that public votes in favor exceed public votes against. The scheme now awaits final sanction from the NCLT Hyderabad Bench.
Shareholders have cleared the merger of Narbada Gems into Uday Jewellery Industries, a positive milestone. The amalgamation remains subject to NCLT sanction and other regulatory approvals before becoming effective, so no immediate change to shareholding or stock price is expected until the swap ratio and final order are announced.