Key Details

Symbol (NSE): KOTARISUG

Corporate Action: Scheme of 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 scheme)

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 convened by Hon'ble National Company Law Tribunal (NCLT) held on Friday, 13th November 2026
  • Meeting commenced at 11:30 hrs and concluded at 11:35 hrs through Video Conferencing/Other Audio Visual Means
  • Scheme approved with requisite majority as prescribed under section 230(6) of the Companies Act, 2013
  • Shareholder approval status: Not specified
  • SEBI/Stock Exchange observations: Not specified
  • Effective date: Not specified

Effective Date: Not Specified

Financial Rationale: Not Specified in this document (reference made to Explanatory Statement forming part of Notice which was taken as read)

Impact on Shareholders: Not Specified

Voting Mechanism:

  • Remote e-voting facility provided to Unsecured Creditors
  • E-voting facility at the Meeting for Unsecured Creditors who had not voted through remote e-voting
  • Scrutinizer: Mr. Biswarup Acharya appointed to scrutinize votes cast at meeting and remote e-voting
  • Consolidated results to be announced within two working days from closure of Meeting
  • Results will be intimated to Stock Exchange and posted on company website and Central Depository Services Limited website

Meeting Details:

  • Notice calling the meeting dated: 9th October 2026
  • Chairperson: Dr. VRK Badarinath Nandula
  • Company Secretary and Compliance Officer: R. Prakash
  • Quorum: Present as prescribed by Hon'ble NCLT

Regulatory Context:

  • Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Scheme governed by Sections 230 to 232 and other applicable provisions of Companies Act, 2013

Company Identification:

  • TIN No.: 33790460019 dt 1-1-2007
  • CST No.: 24518 dt. 26-06-1961
  • GSTIN: 33AABCK2495F1ZP