Compliance with NCLT order dated 24th February, 2025
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SGL Resources Ltd has informed BSE that it has complied with the NCLT Ahmedabad Bench's order dated 24 February 2025 concerning the transfer of certain shares of the company. The company has rectified its Register of Members by removing the names of previous share holders and adding the Petitioners (along with the first joint holder) as directed. The subject shares have been transferred and credited to the Petitioners' demat accounts in line with the Companies Act, 2013, SEBI Regulations, and Depository Regulations. The company has confirmed full compliance with the NCLT directions.
The company has stated this compliance has no material financial impact on it. For shareholders, this resolves a pending legal directive but does not affect the company's financials or operations.