Rudra Ecovation Limited Holds NCLT-Convened Shareholders Meeting for Amalgamation Scheme with Shiva Texfabs Limited

Rudra Ecovation Limited held a court-convened equity shareholders meeting on February 21, 2026, to deliberate on the proposed scheme of amalgamation with Shiva Texfabs Limited. The meeting was conducted through video conferencing in compliance with directions from the Hon'ble National Company Law Tribunal, Chandigarh Bench. Meeting Details and Proceedings The shareholders meeting was scheduled to begin at 11:00 AM (IST) but was formally called to order at 11:28 AM after confirmation of the requisite quorum. The meeting concluded at 11:52 AM, with proceedings conducted entirely through video conferencing deemed to be held at the company's registered office. Meeting Parameter: Details Date: February 21, 2026 Start Time: 11:00 AM (scheduled), 11:28 AM (actual) End Time: 11:52 AM Mode: Video Conferencing Chairman: Mr. Ashwani Sharma, Advocate NCLT Authorization and Legal Framework Mr. Ashwani Sharma, Advocate (P/6198/2018), was appointed as Chairman by the Hon'ble National Company Law Tribunal, Chandigarh Bench through an order dated November 06, 2025, in Company Application No. CA(CAA)/47/CHD/HRY/ of 2025. The meeting was conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Scheme of Amalgamation The primary agenda item presented to shareholders was the Scheme of Arrangement between Rudra Ecovation Limited (Transferor Company) and Shiva Texfabs Limited (Transferee Company), along with their respective shareholders and creditors. The scheme was placed before equity shareholders for consideration and approval during the court-convened meeting. E-Voting Process and Scrutiny The company facilitated both remote e-voting and electronic voting during the meeting. Remote e-voting commenced at 9:00 AM (IST) on Tuesday, February 17, 2026, and concluded at 5:00 PM (IST) on Friday, February 20, 2026. E-Voting Timeline: Details Remote E-Voting Start: February 17, 2026, 9:00 AM Remote E-Voting End: February 20, 2026, 5:00 PM Scrutinizer: Mr. Mohit Chawla, Practising Chartered Accountant Results Dissemination: Stock exchanges, company website, CDSL Mr. Mohit Chawla, a Practising Chartered Accountant, was appointed as scrutinizer to oversee the electronic voting process. The voting results will be disseminated to stock exchanges and uploaded on the company's website and Central Services Depository India Limited (CDSL) platform. Shareholder Participation The meeting provided opportunities for shareholder engagement, with speaker shareholders given time to express views and ask questions. The Chairman responded to queries raised during the proceedings. Members who participated in the meeting and had not cast votes through remote e-voting were provided facility to vote electronically during the meeting. Regulatory Compliance The company filed the meeting proceedings under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with BSE Limited. CS Nancy Singla, Company Secretary and Compliance Officer, signed the regulatory filings and meeting summary. The company indicated that e-voting results would be communicated separately within 2 working days upon receipt of the scrutinizer's report. Rudra Ecovation Limited, formerly known as Himachal Fibres Limited, has announced the introduction of a special window facility to assist shareholders with the transfer and dematerialisation of physical securities. This initiative comes in response to SEBI Circular No. SEBI/HO/38/13/1(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. Special Window Details The company has established a comprehensive framework for shareholders seeking to transfer or dematerialise their physical shares: Parameter: Details Window Period: February 05, 2026 to February 04, 2027 Eligible Securities: Physical shares sold or purchased prior to April 01, 2019 Additional Coverage: Previously rejected/returned transfer requests Registrar: Beetal Financial & Computer Services Private Ltd Location: Beetal House, 3rd Floor, 99 Madangir, Behind LSC, New Delhi-110062 Regulatory Compliance and Publication In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rudra Ecovation has published the notice in Business Standard newspaper on Monday, February 16, 2026, in both English and Hindi editions. The company has also made the information available on its official website at www.rudraecovation.com under the investor relations section. Eligible Transfer Requests The special window facility covers multiple categories of transfer requests: Physical securities transactions completed before April 01, 2019 Transfer requests submitted prior to April 01, 2019 that were previously rejected Applications returned due to document deficiencies Requests not processed due to procedural issues Shareholder Requirements Eligible shareholders must submit their transfer requests along with all requisite documents to the company's Registrar and Share Transfer Agent within the specified timeframe. The company has emphasized the importance of shareholders updating their email addresses with the company, RTA, or Depository Participants to ensure smooth communication. Corporate Information Rudra Ecovation Limited operates from its registered office at Plot No. 43-44, Industrial Area, Barotiwala-174103, Himachal Pradesh, with its corporate office located in Ludhiana, Punjab. The company secretary and compliance officer, Nancy Singla, has signed the official communication dated February 16, 2026. Source: We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. 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