Summary of proceedings of the meeting of equity shareholders held on 21.08.2025 pursuant to order dated 13.06.2025 and 02.07.2025 by Hon''ble NCLT bench-Hyderabad,TG.
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Uday Jewellery Industries held an NCLT-ordered equity shareholders meeting on August 21, 2025 (from 12:30 PM to 12:50 PM IST) via video conferencing, following NCLT Hyderabad orders dated June 13, 2025 and July 02, 2025. The meeting was convened to seek shareholder approval for the Scheme of Arrangement for Amalgamation of Narbada Gems and Jewellery Limited (Transferor Company) into Uday Jewellery Industries Limited (Transferee Company), under Sections 230-232 of the Companies Act, 2013. A total of 127 equity shareholders attended the meeting, and the resolution approving the amalgamation was passed with the requisite majority. E-voting was open from August 18 to August 20, 2025, with combined voting results to be announced on BSE and the company's website.
Shareholders have approved the merger of Narbada Gems into Uday Jewellery, which is a positive step toward consolidating the jewellery business. Once the scheme receives final NCLT sanction, the combined entity could see synergies, but shareholders should watch for the share swap ratio and any dilution in subsequent filings.