Meghmani Organics Receives NCLT Order for Amalgamation Scheme Meetings on June 06, 2026

Meghmani Organics Limited has received a significant order from the National Company Law Tribunal (NCLT) Ahmedabad Bench regarding its proposed amalgamation scheme. The order, dated April 30, 2026, and received by the company on May 01, 2026, directs the convening of stakeholder meetings to consider the merger proposal involving three companies.

Amalgamation Scheme Details

The proposed scheme involves the amalgamation of Kilburn Chemicals Limited (Transferor Company 1) and Meghmani Crop Nutrition Limited (Transferor Company 2) with Meghmani Organics Limited as the transferee company. The scheme is being pursued under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, and requires approval from respective shareholders and creditors of all involved entities.

Scheduled Meetings Timeline

The NCLT has directed multiple stakeholder meetings to be held on June 06, 2026, through video conferencing for all three companies:

Company Meeting Type Date & Time Meghmani Organics Limited Equity Shareholders June 06, 2026 at 2:00 PM (IST) Secured Creditors June 06, 2026 at 2:30 PM (IST) Unsecured Creditors June 06, 2026 at 3:00 PM (IST) Kilburn Chemicals Limited Secured Creditors June 06, 2026 at 10:00 AM (IST) Unsecured Creditors June 06, 2026 at 10:30 AM (IST) Meghmani Crop Nutrition Limited Secured Creditors June 06, 2026 at 11:30 AM (IST) Unsecured Creditors June 06, 2026 at 12:00 Noon (IST)

Regulatory Compliance and Next Steps

The company has submitted this intimation to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Jayesh Patel signed the regulatory filing on behalf of Meghmani Organics Limited.

Stakeholder Communication

Meghmani Organics has indicated that comprehensive details regarding the meetings will be communicated to concerned stakeholders in due course. This includes:

Formal notices convening the meetings

E-voting information and procedures

Relevant instructions for participation

Publication on the company's official website

The NCLT order represents a crucial step in the amalgamation process, with the June 06, 2026 meetings serving as the formal platform for stakeholders to consider and potentially approve the proposed scheme with or without modifications.

Meghmani Organics Limited has successfully concluded its postal ballot voting process, with shareholders approving the reappointment of three independent directors for second consecutive terms. The remote e-voting facility concluded on April 17, 2026, marking the completion of a comprehensive shareholder consultation process.

Postal Ballot Process Overview

The company conducted the postal ballot process in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The remote e-voting facility commenced on Thursday, March 19, 2026 at 9:00 a.m. (IST) and concluded on Friday, April 17, 2026 at 5:00 p.m. (IST). The cut-off date for determining eligible shareholders was Friday, March 13, 2026.

Parameter: Details Total Shareholders (Cut-off Date): 1,38,201 E-voting Period: March 19 - April 17, 2026 Cut-off Date: March 13, 2026 Total Outstanding Shares: 254314211

Director Appointments Approved

Shareholders approved three special resolutions for the reappointment of independent directors, each for a second term of three consecutive years commencing from May 5, 2026 to May 4, 2029.

Resolution 1: Mr. Manubhai Patel (DIN: 00132045)

Category: Votes Polled % Polled Votes in Favour Votes Against % in Favour Promoter and Promoter Group: 85766699 68.89% 85766699 0 100.00% Public Institutions: 2242364 65.12% 34118 2208246 1.52% Public Non-Institutions: 634530 0.50% 584727 49803 92.15% Total: 88643593 34.86% 86385544 2258049 97.45%

Resolution 2: Prof. (Dr) Ganapati Yadav (DIN: 02235661)

Category: Votes Polled % Polled Votes in Favour Votes Against % in Favour Promoter and Promoter Group: 85766699 68.89% 85766699 0 100.00% Public Institutions: 2242364 65.12% 2242364 0 100.00% Public Non-Institutions: 634780 0.50% 583407 51373 91.91% Total: 88643843 34.86% 88592470 51373 99.94%

Resolution 3: Ms. Urvashi Shah (DIN: 07007362)

Category: Votes Polled % Polled Votes in Favour Votes Against % in Favour Promoter and Promoter Group: 85766699 68.89% 85766699 0 100.00% Public Institutions: 2242364 65.12% 34118 2208246 1.52% Public Non-Institutions: 634530 0.50% 583907 50623 92.02% Total: 88643593 34.86% 86384724 2258869 97.45%

Scrutinizer's Report and Compliance

Kaushik Jayantilal Shah of K J Shah & Company, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer confirmed that all three special resolutions were passed with requisite majority on April 18, 2026. The electronic voting process was conducted through MUFG Intime India Private Limited's platform, ensuring transparency and compliance with regulatory requirements.

The company dispatched the postal ballot notice dated March 16, 2026, through email to eligible shareholders whose email addresses were registered with the company or depositories. Public notices were published in Financial Express (English and Gujarati editions) on March 18, 2026, in compliance with regulatory requirements.

Corporate Governance Enhancement

The successful reappointment of these independent directors strengthens Meghmani Organics' board composition and corporate governance framework. All three directors will serve their second terms from May 5, 2026 to May 4, 2029, providing continuity in board oversight and strategic guidance. The voting results demonstrate strong shareholder confidence in the proposed appointments, with all resolutions receiving overwhelming support from the promoter group and significant backing from public shareholders.

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