Proceedings of 1st EGM of 2025-26 of the Company held on 30th April 2025 in accordance with regulation 30 of SEBI (LODR) Regulations, 2015
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Palco Metals Limited held its 1st Extra-Ordinary General Meeting (EGM) for FY 2025-26 on 30th April 2025 at its Ahmedabad registered office. The meeting ran from 11:30 AM to 12:15 PM with 19 members present in person, holding 30,13,581 shares out of 40,00,000 (75.33% quorum). Mr. Gaurav Jani (Independent Director and Audit Committee Chairman) chaired the meeting. The key item of business was a Special Resolution to consider and approve the Scheme of Amalgamation of Palco Metals Limited with Palco Recycle Industries Limited, along with their respective shareholders and creditors. Voting was conducted via remote e-voting (April 27–29, 2025 through NSDL) and ballot papers at the meeting, with Mr. Punit S. Lath appointed as Scrutinizer.
This is a procedural disclosure of the EGM where shareholders considered the merger of Palco Metals with Palco Recycle Industries. The final voting results are still pending the Scrutinizer's consolidated report. If passed, the amalgamation will restructure the group entities and is a material corporate event for shareholders — approval will pave the way for the merger to proceed to NCLT and other regulatory steps.