Meeting Details

The Court Convened Meeting was held on June 6, 2026, from 2:00 PM to 2:21 PM at 1st 2nd 3rd FL, Nr. Raj Bunglow, Nr. Safal Profitaire, Prahladnagar, Satellite, Ahmedabad, Gujarat, India-380015. The meeting was convened pursuant to the Order of the Hon'ble National Company Law Tribunal (NCLT) dated April 20, 2026, read with Order dated April 30, 2026.

Proposed Resolution and Implications

The single special resolution proposed was: "To consider and, if thought fit, approve the arrangement embodied in the proposed Scheme of Amalgamation between Kilburn Chemicals Limited (Transferor Company 1), Meghmani Crop Nutrition Limited (Transferor Company 2) and Meghmani Organics Limited (Transferee Company) and their respective shareholders and Creditors." The scheme was proposed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. Promoters/promoter group were not interested in this resolution.

Voting Process and Methods

The remote e-voting facility was provided through MUFG Intime India Private Limited. The voting commenced on Wednesday, June 3, 2026, at 9:00 a.m. (IST) and concluded on Friday, June 5, 2026, at 5:00 p.m. (IST). The cut-off date for determining shareholders eligible to vote was Saturday, May 30, 2026. Facility for voting electronically (Insta Poll) was also made available at the meeting for shareholders who had not cast votes through remote e-voting.

Key Voting Outcomes

Total Votes Cast: 106,708,108 shares (41.9592% of total outstanding shares)

Category-wise Breakdown:

  • Promoter and Promoter Group: 104,607,625 votes cast (84.0262% of their holdings) - 100% in favor
  • Public-Institutions: 1,881,904 votes cast (70.5807% of their holdings) - 100% in favor
  • Public-Non Institutions: 218,579 votes cast (0.1719% of their holdings) - 97.1882% in favor, 2.8118% against

Overall Result: 106,701,962 votes in favor (99.9942%) and 6,146 votes against (0.0058%). The resolution was passed with requisite majority.

Shareholder Participation

Total number of shareholders on record date: 139,558

Number of shareholders present in meeting: 46 (12 Promoters/Promoter Group + 34 Public)

Number of shareholders who voted: 187

Scrutinizer's Role and Findings

Ms. Pavni Lakhanpal, Advocate, was appointed as Scrutinizer by the NCLT. The scrutinizer verified that:

  • 178 shareholders voted in favor with 106,701,962 votes (99.99% of valid votes)
  • 9 shareholders voted against with 6,146 votes (0.01% of valid votes)
  • 2 shareholders abstained from voting (Prince Priyatharsan S and Bijoy Chatterjee, holding 4,220 shares total)
  • 1 shareholder (Anamika Thakur) voted partly for and partly against, counted proportionately
  • 1 shareholder (Kusum Sharma, holding 100 shares) voted for only 1 share
  • No invalid votes were recorded

The votes were unblocked in the presence of CS Jitendra Leeya and CA Jainik Shah, who were not employed by the company or MUFG Intime India Private Limited.

Compliance Confirmation

The company confirmed compliance with provisions of the Companies Act, 2013, applicable rules, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was submitted to stock exchanges vide letter no. MOL/2026-27/14 dated May 4, 2026, and public notice was published in Financial Express on May 5, 2026.