Newspaper Publication with respect to Extra-Ordinary General Meeting scheduled to be held on 25th February 2026 pursuant to NCLT Order for the Scheme of Arrangement.
MCCHRLS-B · price
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Mac Charles India Ltd has published a notice in English (The New Indian Express) and Kannada (Kannada Prabha) newspapers for its first Extra-Ordinary General Meeting (EGM) of FY 2025-26, scheduled for Wednesday, February 25, 2026, at 11:00 AM via video conferencing. The EGM is being held pursuant to an NCLT order to seek shareholder approval for a Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, involving Mac Charles (as the Demerged Company) and Embassy One Commercial Property Developments Pvt Ltd (as the Transferee/Resulting Company), both part of the Embassy Group. The NCLT convened the meeting after hearings on December 21, 2025 and January 12, 2026. The record date (cut-off for eligibility to attend and vote) is January 19, 2026, and the remote e-voting window is open from January 21, 2026 (9:00 AM) to February 24, 2026 (5:00 PM) via CDSL. Shareholders who held shares on the record date are entitled to vote on the demerger scheme.
Shareholders on the record date (January 19, 2026) should review the scheme documents and exercise their voting rights, as this EGM will decide whether the demerger goes through — a material corporate restructuring event that could affect share value and ownership structure.