Key Details
Symbol (NSE): KOTHARIPET
Corporate Action: Amalgamation
Record Date: Not Specified
Nature of Scheme: Amalgamation of Kothari Sugars and Chemicals Limited (Transferor Company) with and into Kothari Petrochemicals Limited (Transferee Company)
Entities Involved:
- Transferor Company: Kothari Sugars and Chemicals Limited (KSCL)
- Transferee Company: Kothari Petrochemicals Limited (KPL)
Demerged Company: Not Applicable (Amalgamation)
Resulting Company: Kothari Petrochemicals Limited (surviving entity)
Share Entitlement Ratio: Not Specified
Implied Capital Structure Impact: Not Specified
Post-Allotment Listing Plan: Not Specified
Regulatory and Approval Status:
- Unsecured creditors meeting held on Friday, 13th November 2026 (commenced at 16:30 hrs and concluded at 16:35 hrs)
- Meeting conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Scheme considered under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013
- Requisite majority as prescribed under section 230(6) of the Companies Act, 2013 was obtained
- NCLT approval process ongoing
Effective Date: Not Specified
Financial Rationale: Not Specified in this document (rationale described in Explanatory Statement which was taken as read)
Impact on Shareholders: Not Specified
Voting and Procedural Details
- Remote e-voting facility was provided to Unsecured Creditors
- E-voting facility was also available at the meeting for creditors who had not voted through remote e-voting
- Mr. Biswarup Acharya served as Scrutinizer to scrutinize votes cast at the meeting together with remote e-voting
- Consolidated results of remote e-voting and e-voting at the Meeting will be announced within two working days from the closure of Meeting
- Results will be intimated to the Stock Exchange and posted on the website of the Company and Central Depository Services Limited
- The meeting was chaired by Dr. VRK Badarinath Nandula
- Company Secretary and Compliance Officer Krishna Rao Priya signed the disclosure