Meeting Details

The meeting of the Secured Creditors was convened by the order of the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench. It was held on Saturday, June 06, 2026, from 3:00 PM to 3:04 PM. The meeting was conducted through video conferencing/other audio-visual means (VC/OAVM). The physical venue was 1st 2nd 3rd FL, Nr. Raj Bunglow, Nr. Safal Profitaire, Prahladnagar, Satellite, Ahmedabad, Gujarat, India-380015. The meeting was convened pursuant to the NCLT order dated April 20, 2026, in Company Scheme Application No. CA(CAA)/23(AHM)2026.

Summary of Proposed Resolution

The single resolution proposed was for the approval of the Scheme of Amalgamation among 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 under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

Voting Process and Methods

The voting process was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, and the NCLT order.

  • The company provided a remote e-voting facility managed by MUFG Intime India Private Limited.
  • The notice for the NCLT-convened meeting, with an explanatory statement and remote e-voting instructions, was dispatched via email on May 04, 2026, to secured creditors on the list as of the cut-off date, March 27, 2026.
  • A public notice was also published in the Financial Express (all India edition) on May 05, 2026, under the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.
  • The remote e-voting period was open from Wednesday, June 03, 2026, at 9:00 a.m. to Friday, June 05, 2026, at 5:00 p.m.
  • An facility for e-voting (Insta Poll) was also available at the physical meeting for secured creditors who had not voted remotely.
  • The votes were unblocked after the voting period in the presence of two independent persons, CS Jitendra Leeya and CA Jainik Shah, who were not employees of the company or MUFG.

Key Voting Outcomes

Resolution No. 1: To approve the Scheme of Amalgamation.

  • Voted in Favour: 100% of the secured creditors who voted (by number) approved the resolution. The total value of votes cast in favor was ₹296,24,06,323, representing 100% of the valid votes cast by value.
  • Voted Against: 0% of the secured creditors who voted (by number) voted against the resolution. The value of votes cast against was zero (represented by blank squares in the report).
  • Invalid Votes: The report indicates a section for invalid votes but contains no data (represented by blank fields), suggesting there were no invalid votes.

The percentage computations exclude invalid votes.

Scrutinizer's Role and Findings

Ms. Pavni Lakhanpal, Advocate, was appointed as the Scrutinizer by the NCLT Ahmedabad Bench vide its order dated April 20, 2026. Her responsibility was to scrutinize the remote e-voting and e-voting conducted during the meeting based on reports generated by MUFG Intime India Private Limited. She submitted her report on June 06, 2026. The report was counter-signed by Dr. Ajar Rab, the Chairperson appointed by the Hon'ble NCLT. Her findings confirmed the results as generated by the e-voting system.

Compliance Confirmation

The report and the company's covering letter confirm that the process was conducted in compliance with the provisions of the Companies Act, 2013, the SEBI LODR Regulations, and the directions of the NCLT order dated April 20, 2026.