Announced Mon, 27 Jul · 17:16 IST
NCLT-convened meeting held for Palco Metals and Palco Recycle amalgamation scheme
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
NCLT Ahmedabad ordered Palco Metals to hold an equity shareholders meeting on July 27, 2026 to approve a Scheme of Amalgamation with Palco Recycle Industries under Sections 230 to 232 of the Companies Act 2013. The meeting was held physically with remote e-voting from July 24 to 26. Chaired by Mr. Laxman Madnani, appointed by NCLT. Quorum was present. Detailed voting results will be filed separately under Regulation 44.
Likely market impact
If approved, Palco Metals and Palco Recycle will merge into one entity. Shareholders await the separate voting result filing to confirm approval.