Pursuant to Order of the Hon''ble National Company Law Tribunal, Indore Bench dated September 11, 2025, meeting of equity shareholders of the Company is scheduled to be held on Friday, ....
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EKI Energy Services Ltd has issued a notice for a court-convened meeting of its equity shareholders, scheduled for Friday, November 7, 2025 at 3:30 p.m. via video conferencing. The meeting is being held pursuant to an NCLT Indore Bench order dated September 11, 2025, to consider and approve a Scheme of Arrangement in the nature of demerger between EKI Energy Services (the Demerged Company) and EKI One Community Projects Limited (the Resulting Company). The scheme involves carving out a part of EKI Energy's business into the newly identified Resulting Company, along with corresponding share entitlement to shareholders. Remote e-voting will be available from November 4 to November 6, 2025, with an October 31, 2025 cut-off date. BSE had already given its no-objection observation letter on June 20, 2025, and the filings include a share entitlement ratio report from CA Pankaj Shah and a fairness opinion from Swastika Investmart.
Shareholders will vote on the demerger proposal. If approved with three-fourths majority in value, the scheme moves to final NCLT sanction. If approved and sanctioned, shareholders will receive shares in EKI One Community Projects in addition to their existing EKI Energy shares, effectively restructuring the company. The outcome may affect stock price sentiment ahead of and after the November 7 vote.