As attached.
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Ecoplast Limited has called a meeting of its equity shareholders on November 28, 2025 (via video conferencing) as directed by the NCLT, Ahmedabad Bench, to approve a Scheme of Amalgamation of Kunal Plastics Private Limited (KPPL) with Ecoplast Limited under Sections 230-232 of the Companies Act, 2013. Since the promoters of Ecoplast hold 100% of KPPL, this is essentially a group-level restructuring. The share swap ratio is fixed at 52 equity shares of Ecoplast (face value Rs. 10 each) for every 1 equity share of KPPL (face value Rs. 100 each). Post-scheme, promoter shareholding in Ecoplast will rise from 64.84% to 74.45%, while public shareholding will reduce from 35.16% to 25.55%. BSE has already issued its observation letter dated June 5, 2025 with no objections. Remote e-voting opens on November 25, 2025 and closes on November 27, 2025; cut-off date is November 21, 2025.
Public shareholders will see their stake diluted by about 9.6 percentage points as promoter holding rises, but the company states this will not adversely affect the economic value of public shareholdings. Approval is largely procedural given promoters control the outcome, but public shareholders should review scheme documents before voting, as the resolution requires both a three-fourths majority by value and a majority of public votes cast in favour.