BSELactose India LtdHighNeutral
Announced Sat, 28 Mar · 12:47 IST

We hereby submit the proceeding of an Extra Ordinary General Meeting of the Company held on Saturday 28th March 2026, this meeting was convened upon the directions of the NCLT, Ahmedabad Branch.

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+9.4%1-day move
₹77.02
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AI summary

Lactose (India) Limited held an Extra Ordinary General Meeting on March 28, 2026, from 10:30 AM to 10:51 AM via video conferencing, as directed by the NCLT Ahmedabad Bench (order dated February 12, 2026). The sole item of business was to consider and approve a scheme of amalgamation of Vitanosh Ingredients Private Limited (the Transferor Company) into Lactose (India) Limited (the Transferee Company). Mr. Laxman Madnani, appointed by the NCLT, chaired the meeting, while Mr. Arjun Lakhanpal acted as scrutinizer for the e-voting process. Remote e-voting was open from March 25 to March 27, 2026, with facility remaining open for 15 minutes after the meeting for those who hadn't voted. Several shareholder speakers asked questions, which were addressed by Managing Director Mr. Atul Maheshwari. The voting results will be submitted to the NCLT and communicated to BSE by March 30, 2026.

Likely market impact

This is a procedural update on a court-directed shareholders' meeting for a proposed merger. The actual outcome depends on the e-voting results yet to be declared, but the amalgamation, if approved and sanctioned, would merge Vitanosh Ingredients into Lactose India and could materially reshape the company's scale and operations. Investors should watch for the voting result announcement expected by March 30, 2026.