Outcome of EGM_30.04.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NTC Industries Ltd held an Extra-Ordinary General Meeting on 30 April 2026 via video conferencing, where 4 resolutions were tabled and all passed with overwhelming majority (~99.93% in favour). Resolutions 1, 2 and 4 approved material related party transactions (RPTs) with multiple entities in the RDB group (RDB Infrastructure, RDB Real Estate, RDB Primarc, Ritudhan Suppliers, Loka Properties, Ankur Constructions, Veekay Apartments, Somani Estates, Shashvata Distributors, Nextel Constructions) and separately with Mochan Food Processors. Resolution 3 was a Special Resolution authorizing loans/guarantees under Section 185 of the Companies Act. Notably, the Promoter group (holding ~54% of shares) did not vote at all on any resolution due to their interest, meaning all voting was done by non-institutional public shareholders. About 22.68% of total shares participated in voting (3,292,860 votes out of 14,519,000 total). Only 7 voters (2,237 votes) opposed all resolutions.
All related party transactions are now approved, enabling continued business dealings between NTC Industries and its group entities. Since promoters abstained from voting, minority shareholders largely endorsed these transactions, reducing immediate governance risk but highlighting the concentrated ownership structure.