Scrutinizer Report for the NCLT Convened meeting held on 25th February 2026.
MCCHRLS-B · price
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Mac Charles (India) Limited held an NCLT-convened meeting of equity shareholders on February 25, 2026, via video conferencing, to approve a Scheme of Arrangement (demerger) with Embassy Prism Ventures Limited. Out of 1,31,01,052 total equity shares, 1,04,80,378 shares (80%) were voted, with 99.99% voting in favour (1,04,79,741 shares) and only 0.01% against (637 shares). Promoter group voted 100% in favour (96,16,952 shares), and public shareholders also approved overwhelmingly with 99.93% in favour. The resolution was passed with the requisite three-fourths majority under Section 230(6) of the Companies Act, 2013, and also satisfies the SEBI requirement that public shareholders' votes in favour exceed those against.
Shareholders have approved the demerger scheme with Embassy Prism Ventures Limited, clearing a key regulatory milestone. The scheme now awaits final sanction from the NCLT Bengaluru Bench before it can become effective, which is the next decisive step for the stock.