Proceedings of the Court Convened Equity Shareholders'' Meeting of the Company held today on Friday, November 07, 2025 at 3:30 PM through video conferencing.
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EKI Energy Services held a court-convened shareholders' meeting on November 7, 2025, ordered by the NCLT Indore Bench, to seek shareholder approval for a demerger scheme. The scheme proposes to spin off the company's Generation Business into EKI One Community Projects Ltd, a 100% wholly owned subsidiary of EKI Energy. The meeting was chaired by Advocate Jatin Sehgal, appointed by the NCLT, and was attended by independent directors and a scrutinizer. Shareholders were given the opportunity to speak and ask questions, which the chairman addressed. Voting results from both remote e-voting and meeting e-voting will be announced by November 11, 2025.
If approved by shareholders, the Generation Business will be separated into a wholly owned subsidiary, potentially streamlining EKI Energy's portfolio and allowing focused management of each business. The stock may see movement once the final voting outcome is disclosed next week.