Disclosure of E-voting Results and Scrutinizers Report of meeting of equity shareholders of the company convened pursuant to order dated 13.06.2025 and 02.07.2025 by Hon''ble NCLT-Hyderabad bench.
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Uday Jewellery Industries Limited held an NCLT-convened meeting of equity shareholders on August 21, 2025 via video conferencing, pursuant to NCLT Hyderabad Bench orders dated June 13 and July 2, 2025, to approve the Scheme of Amalgamation of Narbada Gems and Jewellery Limited (Transferor) with Uday Jewellery Industries Limited (Transferee) under Sections 230-232 of the Companies Act. Out of 5,456 total shareholders, 127 attended via VC, and shareholders holding 18,350,463 shares (80.05% of outstanding capital) cast their votes. The resolution was passed overwhelmingly with 18,350,460 shares (99.9999%) voting in favor and only 3 shares against. Public shareholders also voted 99.9999% in favor. The Scrutinizer confirmed the resolution was passed with the requisite majority.
Shareholders of Uday Jewellery Industries have approved the amalgamation of Narbada Gems and Jewellery into the company. The scheme still requires NCLT sanction before becoming effective, but this approval clears a major milestone. If sanctioned, Narbada Gems will merge into Uday Jewellery, potentially expanding the company's business base. Share price impact may be muted until NCLT formally sanctions the scheme and the swap ratio is disclosed.