Announcement under Reg 30 for EGM scheduled to be held on February 25 2026.
MCCHRLS-B · price
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Mac Charles India Ltd has called an Extra Ordinary General Meeting (EGM) on February 25, 2026 at 11:00 AM to seek shareholder approval for a Scheme of Arrangement between the company (Demerged Company) and Embassy Prism Ventures Ltd (Resulting Company) under Sections 230-232 of the Companies Act, 2013. The NCLT Bengaluru Bench had already passed orders on January 12, 2026 directing the company to convene this meeting. January 19, 2026 has been fixed as the record date for sending EGM notices, while February 18, 2026 is the cutoff date for determining shareholder eligibility for e-voting. Mr. Saji P John has been appointed as EGM Chairperson and Mr. Prasanna Naganur as Scrutinizer for the voting process.
This is a key procedural step toward a proposed demerger. Shareholders should review the scheme carefully before voting, as approval at the EGM will move the restructuring closer to completion, potentially altering the company's structure and shareholder entitlements.