Nilachal Refractories Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/01/2026 ,inter alia, to consider and approve To consider a proposal ....
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Nilachal Refractories Ltd has called a Board of Directors meeting on Monday, 12 January 2026 at 1:30 PM in Kolkata. The main agenda is to consider a proposal for variation of rights attached to its 0% Redeemable Preference Shares, under Section 48 of the Companies Act, 2013. The company has filed this notice with BSE (Scrip Code: 502294) as required under SEBI listing rules. The notice was signed by Vijay Kumar Gupta, Company Secretary, on 9 January 2026. Any other matters with the Chair's permission may also be discussed.
This meeting could lead to a change in the terms for holders of the company's 0% Redeemable Preference Shares, which may affect their dividend, voting, or redemption rights. Retail equity shareholders should track the outcome on 12 January, as changes to preference share rights can signal broader restructuring of the company's capital structure.