Please find voting results of NCLT convened unsecured creditors meeting
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Rudra Ecovation Ltd held an NCLT-ordered meeting of its unsecured creditors on 21 February 2026 via video conferencing to vote on its proposed merger with Shiva Texfabs Ltd. A total of 21 unsecured creditors participated, casting 1,14,53,352 valid votes. The scheme was approved unanimously, with 100% of votes in favour and zero votes against. No votes were declared invalid and one creditor abstained (holding 1,36,008 votes). The approval was secured through a combination of remote e-voting and e-voting during the meeting, overseen by an NCLT-appointed scrutinizer.
This is a positive procedural milestone for the amalgamation with Shiva Texfabs Ltd — the unsecured creditors' approval hurdle has been cleared with full support, moving the scheme closer to final NCLT and regulatory sanctions. For shareholders, this reduces a key risk in the merger process, though further steps including NCLT sanction and other approvals remain before the merger becomes effective.