The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 13, 2026 for MEIL Holdings Ltd
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MEIL Holdings Limited, the promoter of Olectra Greentech, has had a Non-Disposal Undertaking (NDU) released by REC Limited on 08 January 2026, following full repayment of the underlying loan. The NDU had restricted MEIL from disposing shares equal to the second-largest shareholder's holding of 6,38,083 shares (0.78% of capital). MEIL continues to hold 4,10,53,000 shares (50.02%) in Olectra Greentech and remains the largest shareholder, with promoter control unchanged.
Mildly positive — the encumbrance on 6,38,083 shares (~0.78%) is removed, freeing up promoter flexibility on those shares. Also signals that Olectra Greentech's loan from REC Limited has been fully repaid, improving the company's debt profile.