Ventura Guaranty Limited hereby submits outcome of NCLT Convened Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ventura Guaranty Limited (VGL) held an NCLT-directed meeting of its equity shareholders on 12 May 2025 via video conferencing to consider and approve a Scheme of Amalgamation with Kashmira Investment and Leasing Private Limited (KILPL) under Sections 230-232 of the Companies Act, 2013. KILPL is the transferor company and VGL is the transferee company. The meeting was chaired by Mr. Manish Chhaganlal Patel (appointed by NCLT Mumbai) with Mr. Sanjay Shringarpure acting as Scrutinizer. Equity shareholders voted on the scheme through both remote e-voting and e-voting during the meeting. The actual voting results are awaited and will be shared with the stock exchange once the Scrutinizer's Report is received.
This is a key procedural milestone in the merger process. If shareholders approve the scheme, KILPL will merge into VGL, potentially expanding VGL's asset base and financial profile, though specific exchange ratio or valuation details were not disclosed in this filing.