Meeting Details
The Hon'ble National Company Law Tribunal (NCLT) Convened Meeting of the Equity Shareholders was held on Friday, 13th November 2026. The meeting commenced at 10:30 hrs and concluded at 10:45 hrs, conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was called by a notice dated 9th October 2026.
Proposed Resolution
The single item of business transacted was to consider and approve the Scheme of Amalgamation between Kothari Sugars and Chemicals Limited (Transferor Company) and Kothari Petrochemicals Limited (Transferee Company) and their respective shareholders and creditors. The scheme was proposed pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, with requisite majority as prescribed under section 230(6) of the Companies Act, 2013 read with the SEBI Master Circular on Scheme of Arrangement dated June 20, 2023.
Voting Process
The company provided remote e-voting facility for members to cast votes electronically. Additionally, e-voting facility was provided at the meeting for equity shareholders who had not voted through remote e-voting. The voting was conducted under the scrutiny of Mr. Biswarup Acharya, who was appointed as Scrutinizer to scrutinize votes cast at the meeting together with votes cast through remote e-voting.
Meeting Proceedings
The Company Secretary and Compliance Officer welcomed the equity shareholders. Dr. VRK Badarinath Nandula, Chairperson, formally commenced the proceedings after confirming that the requisite quorum as prescribed by the Hon'ble NCLT was present. Shareholders were informed that the detailed Explanatory Statement setting out material information with respect to the resolution, including the rationale for the Scheme, formed part of the Notice of the Meeting. Registered speakers addressed the meeting and sought clarifications on the Scheme of Amalgamation, with company representatives providing necessary responses.
Outcome and Compliance
The resolution was approved by the shareholders. The consolidated results of remote e-voting and e-voting at the meeting will be announced within two working days from the closure of the meeting and shall be intimated to the Stock Exchange and posted on the website of the Company and Central Depository Services Limited.
Company Identification Details
TIN No.: 33790460019 dt 1-1-2007
CST No.: 24518 dt. 26-06-1961
GSTIN: 33AA8CK2495F1ZP