Ventura Guaranty Limited hereby submits Notice of Meeting of Shareholders convened as per directions of Hon''ble NCLT to approve Scheme of Amalgamation
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Ventura Guaranty Limited has notified shareholders about a meeting convened as per NCLT Mumbai's order dated March 25, 2025 to approve a Scheme of Merger by Absorption of Kashmira Investment and Leasing Private Limited (KILPL, unlisted NBFC) into Ventura Guaranty Limited (VGL, listed entity). The shareholder meeting is scheduled for Monday, May 12, 2025 at 12:00 PM via video conferencing, with remote e-voting open from May 9 to May 11, 2025 and a cut-off date of May 5, 2025. The scheme has already received RBI no-objection (October 25, 2024) and BSE observation letter (December 6, 2024), along with a share exchange ratio report from a registered valuer and a fairness opinion from Systematix Corporate Services. KILPL's paid-up share capital is Rs. 87.19 lakh (8,71,918 equity shares of Rs. 10 each). The outcome of the shareholder vote will be submitted back to NCLT for final sanction.
Shareholders of Ventura Guaranty need to vote on this merger by May 11, 2025. If approved by shareholders and subsequently sanctioned by NCLT, KILPL will be absorbed into VGL, leading to a change in the post-merger capital structure and shareholding pattern of the listed entity.