NCC Limited has informed the Exchange regarding 'Notice of the Adjourned Meeting of the Secured Creditors of NCC Limited'.
NCC · price
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Awaiting price reaction for this filing.
NCC Limited has informed exchanges about an adjourned meeting of its secured creditors to be held on 14 August 2025 at 11:30 AM, as directed by the NCLT Hyderabad Bench. The meeting pertains to the Scheme of Arrangement for merging NCC Infrastructure Holdings Limited (a wholly-owned subsidiary / transferor company) with NCC Limited (transferee company). This is a continuation of an earlier process: the NCLT-ordered meeting was first held on 30 January 2025, then adjourned to 16 April 2025, then to 16 June 2025, and now further adjourned by two months at the written request of all 10 secured creditors present at the last meeting. The resolution seeking approval of the merger scheme (filed under Sections 230-232 of the Companies Act, 2013) will be put to vote. Newspaper notices have been published in Business Standard and Nava Telangana, and scheme documents are available on NCC's website.
The merger is between NCC and its own wholly-owned subsidiary, so there is no change in ultimate ownership or dilution for shareholders. If secured creditors approve the scheme on 14 August, it will still require subsequent NCLT approval before becoming effective. The repeated adjournments suggest creditors may be seeking better terms or clarifications, which is worth monitoring.