NCC Limited has informed the Exchange regarding 'Outcome of the NCLT convened adjourned meeting of the Secured Creditors held today'.
NCC · price
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Awaiting price reaction for this filing.
NCC Limited held an NCLT-ordered meeting of secured creditors on August 14, 2025, to vote on a proposed Scheme of Arrangement merging NCC Infrastructure Holdings Limited (subsidiary) into NCC Limited (parent). 18 secured creditors representing 92.25% of total outstanding debt attended the meeting. 17 creditors, holding about Rs. 2,032.98 crore in debt (~89.60% by value), approved the scheme, while 1 creditor (Indian Overseas Bank, Rs. 60 crore) abstained. No creditor voted against the scheme. Major approving lenders include SBI (Rs. 432 crore), Canara Bank (Rs. 380 crore), Standard Chartered Bank (Rs. 300 crore), and Union Bank of India (Rs. 200 crore). The Chairman will now submit the report to NCLT for further orders.
The near-unanimous approval by secured creditors clears a key regulatory hurdle for the internal restructuring, which is likely to simplify the group structure. The next step is NCLT and shareholder/court approvals, and the deal still needs to be finalised before it can be completed.