Order of NCLT for convening meeting of Shareholders and Unsecured Creditors on 7th November, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The NCLT Indore Bench has directed EKI Energy Services to hold virtual meetings of its equity shareholders (3:30 PM) and unsecured creditors (2:00 PM) on November 7, 2025 to consider and approve its proposed scheme of demerger. The scheme involves carving out the Generation Segment (carbon credit projects owned and developed by the company) and merging it into EKI One Community Projects Ltd, a wholly owned subsidiary. NCLT dispensed with meetings of secured creditors and the resulting company's shareholders, as 100% consent affidavits were already received from them. SEBI had already issued its observation letter on the scheme in June 2025. The scheme still requires regulatory and shareholder/creditor approval before it can take effect.
Shareholders will get a chance to vote on the proposed demerger of the Generation business into a separate entity. If approved, this could unlock standalone value for both businesses but the outcome remains subject to the November 7 vote and final regulatory clearance.