GFL Limited and INOX Infrastructure Limited have announced that the final hearing for their scheme of merger is scheduled for September 3, 2026. The National Company Law Tribunal (NCLT), Mumbai Bench, will hear the joint company scheme petition at 10:30 a.m. or soon thereafter. The tribunal had previously admitted the petition on June 25, 2026.

The scheme involves the merger by absorption of INOX Infrastructure Limited, the transferor company, with GFL Limited, the transferee company. The process is governed by Sections 230 to 232 of the Companies Act, 2013, and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.

Procedural Details

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the companies disclosed the hearing schedule via newspaper advertisements published on July 14, 2026. The notices appeared in the Maharashtra editions of Business Standard and Navshakti.

Any person wishing to make a representation regarding the petition must submit a notice of intention to the petitioner companies' authorised representative and the tribunal. These submissions must be received no later than two days before the hearing date. The grounds for representation must be furnished in the form of an affidavit along with the notice.

Access to Petition Documents

Copies of the petition and its annexures are available for inspection. Interested parties may obtain these documents from the authorised representative upon payment of prescribed fees. The documents are accessible between 11:00 a.m. and 5:00 p.m. on any working day, excluding Saturdays, Sundays, and public holidays, up until two days prior to the hearing.

The authorised representative for the petitioner companies is A R C H and Associates, Chartered Accountants. The firm is located at 1804, 18th Floor, Anmol Pride, Opp. Patel Auto, S.V. Road, Goregaon (West), Mumbai.

GFL Limited has initiated a postal ballot process seeking shareholder approval for the re-appointment of Mr. Shashi Kishore Jain as a Non-Executive Independent Director for a second consecutive term of five years. The proposed tenure is effective from May 30, 2026, to May 29, 2031. The resolution requires a special resolution as the director has attained the age of 75 years, necessitating compliance with Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors, at its meeting held on May 29, 2026, approved the proposal based on the recommendation of the Nomination and Remuneration Committee. Mr. Shashi Kishore Jain (DIN: 00443861) currently serves as an Independent Director, with his first term expiring on May 29, 2026. The Board has stated that his rich and diverse experience is a valuable asset to the Company.

Postal Ballot and E-Voting Schedule

The Company has engaged Central Depository Services (India) Limited (CDSL) to provide the e-voting facility. Mr. Dhruvil M. Shah, Partner of Dhruvil M. Shah & Co. LLP, has been appointed as the Scrutinizer to conduct the process. The key dates for the postal ballot process are outlined below:

Shareholders can cast their votes remotely from 09.00 a.m. on July 7, 2026, until 05.00 p.m. on August 5, 2026. The voting rights are determined in proportion to a member's shareholding as on the cut-off date of July 3, 2026. The results will be announced within 48 hours of the conclusion of e-voting and communicated to the stock exchanges.

Director Profile and Disclosures

Mr. Shashi Kishore Jain brings over 50 years of work experience, including roles in plant development and the industrial gases sector. He holds a Degree in Electrical Engineering from Delhi College of Engineering. During the financial year, he attended 5 out of 5 Board meetings. His remuneration for the last period was ₹1.40 lakhs. He does not hold any shares in GFL Limited and is not related to any other Directors on the Board.