Further to our earlier submission dated 28th July, 2025, we wish to inform you that we have received a revised Scrutinizer Report dated 30th July, 2025, issued by Ms. kala Agarwal, Practicing ....
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Kedia Construction Company has submitted a revised Scrutinizer's Report (dated July 30, 2025) for the NCLT-convened meeting of equity shareholders held on July 28, 2025. The revision corrects an earlier error where Promoter votes had been inadvertently included under the Public Shareholders category; the updated report now properly excludes Promoter votes from the Public Shareholder tally. The resolution pertained to the Scheme of Amalgamation of Kirti Investments Limited (Transferor) with Kedia Construction Company Limited (Transferee). On the equity shareholder vote, all 13 shareholders holding 18,64,800 shares (100% of valid votes) voted in favor, with zero votes against. Notably, no Public Shareholders cast any votes, as 10 public attendees had already voted via remote e-voting and others did not participate.
The merger scheme has been approved, but the voting was driven entirely by Promoters holding 62.16% of outstanding shares, with no public shareholder participation. For retail investors, the corrected report confirms compliance with SEBI's separate public shareholder voting requirement under the 2017 circular, though the absence of any public vote may invite regulatory scrutiny or require further efforts to demonstrate public approval.