Notice convening the Meeting of Equity Shareholders of the Company for their requisite approval on the proposed Scheme of Arrangement for Amalgamation of G G Engineering Limited ('Transferor ....
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G G Engineering Limited (BSE: 540614) is sending out notice for an NCLT-ordered meeting of its equity shareholders to vote on a proposed Scheme of Arrangement for Amalgamation with Integra Essentia Limited (Transferee Company). The NCLT Mumbai Bench, via its order dated June 04, 2025, directed the meeting to be held on Friday, September 26, 2025 at 12:30 PM via video conferencing. Shareholders of record as on the cut-off date of September 19, 2025 will be eligible to vote, with remote e-voting open from September 23 to September 25, 2025. The scheme has already received no-objection letters from BSE (Dec 9, 2024) and NSE (Nov 29, 2024), and is supported by a valuation report from Axiology Valuetech and a fairness opinion from Corporate Professional Capital. Approval of public shareholders (majority of votes cast) is required under SEBI's master circular for the scheme to proceed, after which it will go back to NCLT for final sanction.
G G Engineering shareholders are being asked to approve a merger where their company will be absorbed into Integra Essentia Limited. The outcome of the September 26 vote will determine whether the deal moves forward to final NCLT sanction, and successful approval will likely lead to swap-ratio based share issuance to G G Engineering shareholders by Integra Essentia.