Outcome of BM held on 12-02-2026.
Awaiting price reaction for this filing.
The Board of Narbada Gems and Jewellery approved steps to implement a Scheme of Arrangement for Amalgamation with Uday Jewellery Industries Limited, which was already approved by the NCLT Hyderabad Bench on 21 January 2026. The Board authorized filing of E-Form INC-28 to give legal effect to the scheme. A Record Date has been fixed as 27 February 2026 to identify eligible shareholders who will receive shares of Uday Jewellery Industries Limited as per the share exchange ratio. Routine items such as approval of previous minutes, satisfaction of a Kotak Mahindra Bank charge, and reconstitution of the Internal Complaints Committee were also noted.
Shareholders of Narbada Gems will be allotted shares of Uday Jewellery Industries Limited based on the approved share exchange ratio; the record date of 27 Feb 2026 is critical for eligibility, and the amalgamation will reshape the company's shareholder structure going forward.