Proceedings of the NCLT Meeting of Equity Shareholders of the Company held on June 20, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
By the next day the stock moved 0.8 pts less than Nifty Microcap 250 and in line with its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Parshva Enterprises Ltd held a meeting of equity shareholders on June 20, 2025, as directed by the NCLT Mumbai Bench, to consider a Scheme of Arrangement with Simandhar Impex Limited under Sections 230-232 of the Companies Act, 2013. Under the scheme, Parshva Enterprises is the Demerged Company and Simandhar Impex is the Resulting Company. The meeting ran via video conferencing from 09:00 AM to 09:16 AM, chaired by Mr. H V Subba Rao, a former judicial member appointed by the NCLT. One special resolution was put to vote seeking shareholder approval of the scheme, with results to be announced within 2 working days. The meeting was procedurally concluded after e-voting was opened.
This is a procedural step in a proposed demerger/restructuring where parts of Parshva Enterprises' business would move into Simandhar Impex Limited. Shareholders should watch for the e-voting result announcement; if approved, the scheme will move to the next NCLT stage (creditors' meetings and final approval), which could change the company's business structure and share valuation.