Secured Creditors Unanimously Approve JPA Snacks Amalgamation

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF

MANAKCOAT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Manaksia Coated Metals and Industries Limited received 100% approval from its Secured Creditors for the Scheme of Amalgamation with JPA Snacks Private Limited. At the meeting held on 9 June 2026, all 4 secured creditors, collectively holding debts of Rs 3.02 crore, voted unanimously in favour. The scheme, filed under Sections 230 to 232 of the Companies Act, will now be placed before the NCLT Kolkata Bench for further sanction.

Likely market impact

Positive step for the merger. Secured creditors cleared the amalgamation with JPA Snacks. Next step is NCLT sanction.