Nilachal Refractories Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/05/2026 ,inter alia, to consider and approve Matter enclosed
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nilachal Refractories Ltd has called a Board Meeting on 9th May 2026 to consider and approve the sale/transfer/disposal of all movable fixed assets including plant, machinery and capital work-in-progress. This transaction amounts to disposal of substantially the whole undertaking of the company and requires shareholder approval under Section 180(1)(a) of the Companies Act, 2013. The meeting also includes agenda for material Related Party Transactions, convening an Extra-Ordinary General Meeting (EOGM) on shorter notice, and resignation of Mr. Vijay Kumar Gupta as Company Secretary & Compliance Officer.
This is a highly significant development as the company is planning to dispose of virtually all its operational assets. Shareholders should carefully evaluate this proposal as it may represent a complete wind-down of business operations. The related party transaction and expedited EOGM process add additional scrutiny requirements.