Concord Enviro Systems Limited has published mandatory newspaper advertisements announcing an equity shareholders meeting to approve a proposed Scheme of Arrangement. The company has informed stock exchanges about the publication in compliance with regulatory requirements.

Meeting Details and NCLT Directions

The equity shareholders meeting is scheduled for Tuesday, April 28, 2026, at 10:00 a.m. IST through video conferencing and other audio-visual means. The meeting has been convened following directions from the Hon'ble National Company Law Tribunal (NCLT) Mumbai Bench through its order dated March 11, 2026.

Regulatory Compliance and Publication

The company published advertisements in two newspapers on Tuesday, March 24, 2026, as required under regulatory provisions:

• Financial Express (English - circulated in Maharashtra)
• Navshakti (Marathi - circulated in Maharashtra)

The publication fulfills requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has notified both major stock exchanges about the advertisement publication.

Stock Exchange Communication

Concord Enviro Systems Limited has informed the following exchanges:

Scheme of Arrangement Framework

The proposed Scheme of Arrangement involves Concord Enviro Systems Limited and its shareholders under Section 230 read with Section 52 and Section 66 and other applicable provisions of the Companies Act, 2013. The scheme requires shareholder approval before final NCLT sanction.

Document Availability

The company has made the publication copies available on its official website at https://www.concordenviro.in/investors.php for stakeholder access. This ensures transparency and wider dissemination of the meeting information as required under corporate governance norms.

The meeting represents a significant corporate action requiring formal shareholder approval through the statutory process outlined under the Companies Act, 2013, and SEBI regulations.

Concord Enviro Systems Limited has received procedural approval from the National Company Law Tribunal (NCLT) Mumbai for its proposed scheme of arrangement focused on financial restructuring. The tribunal's order dated March 11, 2026, provides directions for conducting shareholder meetings and completing statutory formalities required for the scheme's implementation.

NCLT Order and Procedural Directions

The NCLT Mumbai Bench, comprising Hon'ble Members Shri Anil Raj Chellan (Technical) and Shri K. R. Saji Kumar (Judicial), has admitted the company's application filed under Section 230 read with Section 52 and Section 66 of the Companies Act, 2013. The tribunal has issued comprehensive directions for the scheme's progression:

Financial Restructuring Details

The scheme aims to address the company's negative retained earnings by adjusting them against the securities premium account. The Board of Directors approved this arrangement on August 8, 2025, with an appointed date of April 1, 2025.

Share Capital Structure

As of March 31, 2025, the company's capital structure remains unchanged, with the scheme not affecting shareholding patterns or capital distribution:

Stakeholder Meetings and Approvals

The NCLT has dispensed with meetings for both secured and unsecured creditors based on specific circumstances. The sole secured creditor with exposure of Rs. 2,96,97,101.13 has provided consent through affidavit. For 13 unsecured creditors with aggregate exposure of Rs. 6,63,32,024, the tribunal has directed notice issuance with 30-day representation period.

The company must conduct an equity shareholders meeting for its 55,298 shareholders. The meeting can be held through video conferencing or physical presence, with standard quorum requirements under Section 103 of the Companies Act.

Regulatory Compliance and Strategic Benefits

Concord Enviro Systems must serve notices to various regulatory authorities including the Central Government, Registrar of Companies, Income Tax authorities, GST authorities, BSE, NSE, and SEBI. These authorities have 30 days to submit representations.

The company expects several strategic benefits from this restructuring:

• Improved balance sheet presentation reflecting true financial health
• Enhanced reserve positioning for future dividend considerations
• Better utilization of securities premium account balance
• No impact on operational capabilities or liquidity position
• Alignment with accounting standards under Section 133 of the Companies Act

The scheme remains subject to shareholder approval and final sanction from the NCLT following completion of all procedural requirements.