Voting Results of the NCLT convened meeting of the equity shareholders and unsecured creditors of the company held on November 28, 2025.
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Ecoplast Limited held an NCLT-convened meeting on November 28, 2025, for equity shareholders and unsecured creditors to approve the Scheme of Amalgamation of Kunal Plastics Private Limited (KPPL) with Ecoplast Limited. The resolution was passed with overwhelming majority - 99.9994% of valid votes were in favor (26,24,529 out of 26,24,544 valid votes). Promoter group voted 100% in favor (22,09,276 shares), while public non-institutions voted 99.9964% in favor (4,15,253 votes out of 4,15,268). Only 15 votes were cast against the resolution. No institutional shareholders participated in the voting. The NCLT Ahmedabad Bench-II had ordered the meeting on October 14, 2025, and the scrutinizer's report was issued on December 1, 2025.
The shareholder approval clears a major hurdle for the amalgamation of KPPL into Ecoplast. The scheme now awaits final NCLT sanction for implementation. Post-merger, Kunal Plastics will merge into Ecoplast, potentially expanding the company's scale, though swap ratio and financial details were not disclosed in this filing.