Voting Results of the NCLT meeting of Equity Shareholders of Parshva Enterprises Limited
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Parshva Enterprises Ltd held an NCLT-convened meeting of equity shareholders on June 20, 2025, to seek approval for a Scheme of Arrangement between Parshva Enterprises (Demerged/Transferor Company) and Simandhar Impex Limited (Resulting/Transferee Company) under Sections 230-232 of the Companies Act, 2013. Out of 697 shareholders on record date (June 13, 2025), the resolution was passed with 100% approval — 9,554,657 votes in favour out of 9,554,661 valid votes polled (99.99% in favour, 0.01% against). Promoter group holding 7,603,089 shares voted 100% in favour, and public non-institutional shareholders also approved with 99.99% in favour, satisfying the SEBI Scheme Circular requirement of majority public consent.
This is a procedural milestone — the scheme now has shareholder approval and will move to the next NCLT stage for final sanction. The 100% approval from both promoters and public shareholders signals smooth progress of the demerger/restructuring, though no share swap ratio or financial details of the arrangement have been disclosed in this filing.