NCLT merger scheme with Lodha Developers approved by shareholders
NATIONSTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Equity shareholders of National Standard India approved the scheme of merger by absorption at the NCLT convened meeting on October 9, 2026. Under the scheme, Roselabs Finance and National Standard India will merge into Lodha Developers. 99.67 percent of votes polled were in favor (96.18 percent voting turnout), including 100 percent from promoters and 98.56 percent from public shareholders. The scheme now proceeds for further NCLT and regulatory approvals.
Shareholders approved merger into Lodha Developers. Scheme still needs NCLT and SEBI final approvals. NSIL shares likely to be delisted after completion.