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Awaiting price reaction for this filing.
Ecopoplast Limited has issued notice for a meeting of its unsecured creditors to be held on Friday, November 28, 2025 at 3:30 p.m. via video conferencing, as directed by the NCLT Ahmedabad Bench through an order dated October 14, 2025. The meeting will consider and vote on a proposed Scheme of Amalgamation of Kunal Plastics Private Limited (KPPL, a promoter group entity) into Ecoplast Limited under Sections 230-232 of the Companies Act, 2013. Approval requires a majority representing three-fourths in value of unsecured creditors as on the cut-off date of March 31, 2025, with remote e-voting open from November 25 to November 27, 2025. BSE has already issued its no-objection/observation letter on June 5, 2025, so this creditor meeting is the next procedural step before the scheme goes back to NCLT for final sanction. Ecoplast's paid-up equity capital stands at INR 3,45,45,250 (34,54,525 shares of INR 10 each) and the company is listed on BSE (Scrip Code: 526703).
This is a routine procedural milestone in Ecoplast's plan to absorb the promoter group's KPPL; no immediate effect on share price is expected. If the unsecured creditors approve and NCLT subsequently sanctions the scheme, Ecoplast's plastic film business will be consolidated under one entity, which could simplify operations and earnings over time.