Announced Tue, 9 Jun, 2026 · 18:55 IST
Secured Creditors approve Meghmani Organics amalgamation scheme
MOL · price
▲ 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
-4.2%1-day move
₹48.02
prior close
₹48.00
base price
After-mkt
timing
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+0.5-0.1-0.1-0.5-4.2+0.4+3.3+8.0+5.8+5.2-0.9-1.9+22.3+30.2
Up moveDown movePending
AI summary
NCLT-convened meeting of Meghmani Organics' Secured Creditors on June 6, 2026 unanimously approved the Scheme of Amalgamation with Kilburn Chemicals and Meghmani Crop Nutrition. All 5 secured creditors voted in favour, representing about Rs 296.24 crore in value (100 percent approval by both count and value). No votes were cast against. This is a key step in the NCLT process under Sections 230 to 232 of the Companies Act, 2013.
Likely market impact
Unanimous secured creditor approval moves the amalgamation closer to completion, subject to further NCLT and regulatory clearances.