Disclosure of Voting Results of the Extra Ordinary General Meeting of the Company held on 28th March 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lactose (India) Limited held an Extra Ordinary General Meeting (EOGM) on 28th March 2026 via video conference, where shareholders voted on one special resolution: the proposed amalgamation of Vitanosh Ingredients Private Limited (transferor) into Lactose (India) Limited (transferee), subject to NCLT Ahmedabad approval. The promoter and promoter group, which holds 6,753,426 shares, voted with 79.64% participation and 100% in favour. Public non-institutional shareholders showed 9.40% participation with 99.99% in favour (only 15 votes against out of 5,919,674 polled). Overall, 47.02% of total shares (12,589,000) were polled and the resolution was passed with near-unanimous support. The promoter group is declared as interested in the resolution, indicating related-party transaction aspects.
Shareholder approval is a key milestone, but the merger still requires NCLT clearance before becoming effective. Since promoters are interested in the deal, minority shareholders should track the swap ratio and valuation fairness once the NCLT scheme is filed. Near-unanimous voting (only 15 dissent votes) suggests low controversy, but the deal will reshape the company's structure and capital base.