Meghmani Organics Limited has informed the Exchange about NCLT order in respect of court convened meeting in the matter of scheme of Amalgamation
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The National Company Law Tribunal (NCLT), Ahmedabad Bench has ordered meetings of equity shareholders and creditors of Meghmani Organics Limited to consider a proposed scheme of amalgamation. Two companies - Kilburn Chemicals Limited and Meghmani Crop Nutrition Limited - will be merged into Meghmani Organics Limited. The meetings are scheduled for June 6, 2026 through video conferencing. Equity shareholders and creditors of Meghmani Organics will vote on the scheme along with creditors of the two transferor companies. This is a routine corporate restructuring under Sections 230-232 of the Companies Act, 2013.
If shareholders and creditors approve the scheme, Meghmani Organics will expand its business scope by absorbing the two transferor companies. This could create synergies and a larger combined entity, which may be positive for the stock.