Summary of the proceeding of EGM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nilachal Refractories Ltd held its EGM on 18th May 2026 at Kolkata, chaired by Director Vimal Prakash. The meeting commenced at 12:30 PM and concluded at 1:00 PM with the required quorum present. Two resolutions were transacted: a Special Resolution approving the sale, transfer or disposal of an undertaking under Section 180(1)(a) of the Companies Act, 2013, and an Ordinary Resolution approving material related party transactions under SEBI Listing Regulations. Remote e-voting was conducted through NSDL from 15th to 17th May 2026. A poll was also held at the venue for members present. Mr. Rajan Singh of Rajan Singh & Co. acted as Scrutinizer. Voting results are to be declared and submitted to the stock exchanges.
The special resolution on asset disposal under Section 180(1)(a) could significantly alter the company's asset base and requires special shareholder approval, indicating a potentially material corporate action. The related party transaction resolution also signals a transaction with connected parties that shareholders have approved.