Meeting Details
- Date: November 13, 2026
- Time: 02:30 PM
- Location: Conducted through video conferencing/other audio visual means
- Type: Hon'ble National Company Law Tribunal (NCLT) Convened Meeting of Equity Shareholders
- Chairperson: Dr. VRK Badarinath Nandula, appointed by NCLT
- Scrutinizer: Mr. Biswarup Acharya, Advocate, appointed by NCLT Order dated September 30, 2026
Proposed Resolution
The resolution sought approval for the Scheme of Amalgamation between Kothari Sugars and Chemicals Limited and Kothari Petrochemicals Limited and their respective shareholders and creditors under Sections 230-232 of the Companies Act, 2013, read with relevant rules and SEBI regulations including Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023.
Voting Process and Methods
- Remote e-voting period: November 10, 2026 (09:00 hrs) to November 12, 2026 (17:00 hrs)
- E-voting during meeting: Available for 30 minutes after meeting conclusion
- Service provider: Central Depository Services (India) Limited (CDSL)
- Cut-off date for eligibility: November 06, 2026
- Notice dissemination: Through registered email addresses, physical letters with weblink/QR code, company website (https://www.kotharipetrochemicals.com/), NSE website, and newspaper advertisements in Indian Express (All India Editions) and Dina Thanti (Tamil Nadu Editions) on October 12, 2026
Key Voting Outcomes
Overall Voting Results (Including Promoters)
- Total votes cast: 46,750,636 shares (79.45% of outstanding shares)
- Votes in favor: 46,713,178 shares (99.92% of votes cast)
- Votes against: 37,458 shares (0.08% of votes cast)
- Shareholders in favor: 90 (92.78% of voting shareholders)
- Shareholders against: 7 (7.22% of voting shareholders)
Public Shareholder Voting Results (Excluding Promoters)
- Total votes cast: 4,253,631 shares (26.02% of outstanding public shares)
- Votes in favor: 4,216,173 shares (99.12% of votes cast)
- Votes against: 37,458 shares (0.88% of votes cast)
- Shareholders in favor: 85 (92.39% of voting public shareholders)
- Shareholders against: 7 (7.61% of voting public shareholders)
Mode-wise Breakdown
Remote e-voting results:
- 84 shareholders (86.60% of voters) cast 46,711,444 shares in favor (99.92%)
- 4 shareholders (4.12% of voters) cast 413 shares against (0.0009%)
E-voting during meeting results:
- 6 shareholders (6.19% of voters) cast 1,734 shares in favor (0.0037%)
- 3 shareholders (3.09% of voters) cast 37,045 shares against (0.0792%)
Shareholder Category Breakdown
Promoter and Promoter Group:
- 100% voted in favor (42,497,005 shares)
Public Institutions:
- 100% voted in favor (2 shares)
Public Non-Institutions:
- 99.12% voted in favor (4,216,171 shares)
- 0.88% voted against (37,458 shares)
Scrutinizer's Findings and Conclusions
Dr. Biswarup Acharya certified that:
- The resolution was approved by the requisite majority of persons representing three-fourth in value of equity shareholders as required under Sections 230-232 of the Companies Act, 2013
- The votes cast by public shareholders in favor of the scheme were more than votes against, as required by SEBI Master Circular
- The voting process was conducted in a fair and transparent manner
- All electronic records and lists of shareholders who voted have been handed over to Ms. K. Priya, Company Secretary
Compliance Confirmation
The scrutinizer confirmed compliance with:
- Companies Act, 2013 and relevant subordinate legislation
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023
- Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
- NCLT Order dated September 30, 2026
Additional Information
- Total number of shareholders as on record date: 39,060
- Shareholders attended meeting through VC: 54 (5 Promoter group, 49 Public)
- No invalid votes were recorded in either remote e-voting or e-voting at the meeting
- No proxies were allowed as the meeting was conducted through e-voting/remote e-voting