Meeting Details

  • Date: Saturday, June 06, 2026
  • Time: Commenced at 3:30 PM, concluded at 3:34 PM
  • Location: 1st 2nd 3rd FL, Nr. Raj Bunglow, Nr. Safal Profitaire, Prahladnagar, Satellite, Ahmedabad, Gujarat, India-380015
  • Type: Court Convened Meeting of Unsecured Creditors directed by National Company Law Tribunal (NCLT), Ahmedabad Bench
  • Legal Reference: NCLT Order dated April 20, 2026 and Order dated April 30, 2026 in Company Scheme Application No. CA(CAA)/23(AHM)2026

Proposed Resolution

Resolution to approve 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

  • Remote e-voting facility was provided through MUFG Intime India Private Limited
  • E-voting period: Wednesday, June 03, 2026 (9:00 AM) to Friday, June 05, 2026 (5:00 PM)
  • Insta Poll facility was available during the meeting for unsecured creditors who had not voted remotely
  • Votes were unblocked after the voting period in the presence of independent witnesses CS Jitendra Leeya and CA Jainik Shah
  • Notice was dispatched via email on May 04, 2026 to unsecured creditors as of the cut-off date March 27, 2026
  • Public notice was published in Financial Express (all India Pan base) on May 05, 2026

Key Voting Outcomes

  • Total Unsecured Creditors Voted: 393
  • Total Value of Voting Creditors: INR 325,93,62,560

Resolution Voting Results:

  • Votes in Favor:
  • Number of Creditors: 388 (99.74% of creditors voted)
  • Value: INR 324,08,92,912 (99.76% by value)
  • Votes Against:
  • Number of Creditors: 1 (0.26% of creditors voted)
  • Value: INR 79,43,430 (0.24% by value)
  • Invalid Votes:
  • Number of Creditors: 0
  • Value: INR 0
  • Abstentions:
  • Four creditors abstained from voting: Auto Link, Flexibond Industries Pvt Ltd, KLJ Organic Ltd (Benzyl Unit), Alpha Weighing Systems
  • Total abstention value: INR 1,00,80,336
  • Partial Invalid Vote:
  • One creditor (Artee Flow Controls Pvt.Ltd., value INR 4,45,883) voted for only INR 1, creating a value discrepancy

Scrutinizer's Role and Findings

  • Ms. Pavni, Advocate, was appointed as Scrutinizer by NCLT Ahmedabad Bench
  • Responsibility was restricted to making a report of votes cast "IN FAVOUR" or "AGAINST" based on reports generated from MUFG's e-voting system
  • Scrutinized the process on a test-check basis and relied on MUFG's reports
  • Submitted Scrutinizer's Report dated June 06, 2026
  • Report was counter-signed by Dr. Ajar Rab, the Chairperson appointed by NCLT

Compliance Confirmation

  • Conducted in compliance with Companies Act, 2013, SEBI LODR Regulations, and NCLT Order
  • Management responsible for ensuring compliance with voting electronic means requirements
  • MCA Circulars followed for notice dispatch and voting procedures