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)
Resulting Company: Kothari Petrochemicals Limited
Share Entitlement Ratio: Not Specified
Implied Capital Structure Impact: Not Specified
Post-Allotment Listing Plan: Not Specified
Regulatory and Approval Status
NCLT Approval Status: Hon'ble National Company Law Tribunal, Chennai Bench has allowed the joint First Motion Application and pronounced the Order on September 30, 2026
Shareholder Approval Status: Meetings of equity shareholders and unsecured creditors of both companies scheduled for Friday, November 13, 2026 to consider and approve the Scheme
Creditor Status: Indian Bank, the Secured Creditor of both companies, has provided consent for the scheme of amalgamation. Consequently, NCLT has dispensed with the requirement for meetings of Secured Creditors of both companies
Effective Date: Not Specified
Regulatory Timeline:
- NCLT Order pronounced: September 30, 2026
- Order uploaded on NCLT website: October 05, 2026
- Certified copy of Order: Awaited
- Shareholder and creditor meetings: November 13, 2026
Financial Rationale: Not Specified
Impact on Shareholders: Not Specified
Additional Information
The Scheme was presented under Section 230-232 read with other applicable provisions of the Companies Act, 2013. The company has previously intimated the exchange about this matter through letters dated May 19, 2026 and August 19, 2026. The Scheme remains subject to receipt of necessary statutory and regulatory approvals as may be required under applicable laws.