Date: August 13, 2026
Meeting Proceedings Overview
Meetings of Unsecured Creditors and Equity Shareholders of Delta Corp Limited were convened pursuant to the Order dated June 18, 2026, of the Hon'ble National Company Law Tribunal, Mumbai Bench. The meetings were held via Video Conferencing/Other Audio Visual Means on Thursday, August 13, 2026.
Unsecured Creditors Meeting (Annexure-I)
Timing: 2:30 P.M. to 3:27 P.M. (IST)
Chairperson: Shri L.N. Gupta, IAS (R) and Former Member, NCLT
Scrutinizer: Smt. Bindu Shah, Practicing Company Secretary
Attendees from Management:
- Mr. Ashish Kapadia, Managing Director
- Mr. Anil Malani, Chief Financial Officer
- Mr. Dilip Vaidya, Company Secretary and Vice President-Secretarial
- Mr. Pragnesh Shah, Vice President Finance and Accounts
Quorum Status: Initial quorum was not present. Meeting was adjourned for 30 minutes. After 30 minutes, 10 unsecured creditors joined virtually, and the meeting proceeded.
Voting Details:
Remote e-voting facility was available from Monday, August 10, 2026 (9:00 A.M.) to Wednesday, August 12, 2026 (5:00 P.M.) for eligible unsecured creditors as of cut-off date Sunday, May 31, 2026. Additional e-voting was available during the meeting for those who hadn't voted remotely.
Business Transacted:
Item 1: Approval of the proposed Composite Scheme of Arrangement amongst Delta Corp Limited and Deltin Hotel & Resorts Private Limited and Delta Penland Limited and Deltin Cruises and Entertainment Private Limited and their respective shareholders and creditors under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013.
Resolution Outcome: Approved with requisite majority as prescribed under Section 230(6) of the Companies Act, 2013 (majority of persons representing three-fourths in value).
Discussion: No unsecured creditors raised any queries on the Scheme during the meeting.
Equity Shareholders Meeting (Annexure-II)
Timing: 4:00 P.M. to 4:50 P.M. (IST)
Chairperson: Shri L.N. Gupta, IAS (R) and Former Member, NCLT
Scrutinizer: Smt. Bindu Shah, Practicing Company Secretary
Attendees from Management:
- Mr. Ashish Kapadia, Managing Director
- Mr. Anil Malani, Chief Financial Officer
- Mr. Dilip Vaidya, Company Secretary and Vice President-Secretarial
- Mr. Pragnesh Shah, Vice President Finance and Accounts
Quorum Status: Quorum was present at commencement.
Voting Details:
Remote e-voting facility was available from Monday, August 10, 2026 (9:00 A.M.) to Wednesday, August 12, 2026 (5:00 P.M.) for eligible equity shareholders as of cut-off date Thursday, August 6, 2026. Additional e-voting was available during the meeting for those who hadn't voted remotely.
Business Transacted:
Item 1: Approval of the proposed Composite Scheme of Arrangement amongst Delta Corp Limited and Deltin Hotel & Resorts Private Limited and Delta Penland Limited and Deltin Cruises and Entertainment Private Limited and their respective shareholders and creditors under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013.
Resolution Outcome: Approved with requisite majority as prescribed under Section 230(6) of the Companies Act, 2013 (majority of persons representing three-fourths in value).
Discussion: Equity shareholders who registered as speakers expressed views and raised queries on the Scheme, which were responded to by the Management.
Additional Information
Regulatory Compliance: Filed under Regulation 30 read with Para A(13) of Part A of Schedule III of the SEBI Listing Regulations
Document Availability: The outcome and proceedings are available on the Company's website at https://deltacorp.in/investors/
Future Submissions: Detailed voting results as required under Regulation 44(3) of the Listing Regulations along with the Scrutinizer's Report will be submitted separately to the stock exchanges within 2 working days from meeting conclusion.