MOLNSEMeghmani Organics LimitedMediumNeutral
Announced Sat, 2 May · 14:41 IST

Meghmani Organics Limited has informed the Exchange about Correction in Schedule of Meetings in the Scheme of Amalgamation

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF

MOL · price

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

Price reaction · full curve 14 horizons · vs prior close
+18.4%1-day move
₹49.10
prior close
₹48.94
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+2.4+3.5+3.7+18.4+19.3+21.8+19.8+15.5+10.0+4.4-0.5-3.7
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AI summary

Meghmani Organics Limited has issued a correction to an earlier announcement regarding the schedule of meetings for its scheme of amalgamation. The correction fixes a typographical error in the meeting times for secured and unsecured creditors as directed by the Hon'ble NCLT. Three meetings are scheduled for June 6, 2026: Equity Shareholders at 2:00 PM, Secured Creditors at 3:00 PM, and Unsecured Creditors at 3:30 PM — all via video conferencing. The scheme involves Meghmani Organics as the Transferee Company absorbing Kilburn Chemicals Limited (Transferor Company 1) and Meghmani Crop Nutrition Limited (Transferor Company 2). The schedule for the transferor companies remains unchanged from the earlier intimation.

Likely market impact

This is a procedural correction with no material change to the amalgamation deal. The meetings proceeding as scheduled indicates the scheme is moving forward as per NCLT process — neutral to positive for shareholders awaiting resolution.