Voting Results of NCLT Convened Meeting of Equity Shareholders of the Company along with Scrutiniser''s Report
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Rudra Ecovation Limited held an NCLT-convened meeting of equity shareholders on 21st February 2026 to approve the Scheme of Amalgamation with Shiva Texfabs Limited, with Rudra Ecovation being the Transferor Company. A total of approximately 3.45 crore valid votes were cast, with 99.99% voting in favour and only 100 votes (0.01%) against the scheme. The public category shareholders separately approved the scheme with 99.99% votes in favour, meeting SEBI's public shareholder approval requirement. The meeting was conducted via video conferencing with both remote e-voting and e-voting during the meeting, and was overseen by a Scrutinizer appointed by NCLT Chandigarh.
The amalgamation with Shiva Texfabs Limited has cleared the shareholder approval hurdle with overwhelming majority support, paving the way for the next steps in the NCLT approval process. For shareholders, this brings the merger closer to completion, though final NCLT and regulatory approvals are still pending before the deal becomes effective.