Master Components Limited will convene a meeting of unsecured creditors on August 3, 2026, via video conferencing to seek approval for the amalgamation of Master Moulds Private Limited with the company. The meeting, scheduled for 04.00 P.M., follows an order from the National Company Law Tribunal (NCLT), Mumbai Bench, dated June 12, 2026, and is conducted pursuant to Sections 230 to 232 of the Companies Act, 2013.

The amalgamation scheme entails a share exchange ratio where Master Components Limited will issue 40 equity shares of ₹10 each for every 1 equity share of ₹100 each held in Master Moulds Private Limited. The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting and participation through video conferencing. The remote e-voting period commences on July 31, 2026, at 9:00 A.M. and concludes on August 2, 2026, at 5:00 P.M.

Meeting and Voting Details

The NCLT has appointed Mr. Ganapathi Mala Joshy, Independent Director, and in his absence, Mr. Vishal Jayantibhai Patel, Independent Director, as the Chairperson for the meeting. M/s Kulkarni Padekar & Co, Company Secretaries, has been appointed as the scrutinizer. The scheme requires approval by a majority of persons representing three-fourths in value of the unsecured creditors.

The notice and explanatory statement are available on the company’s website at https://master-group.in/ and the NSDL website. The result of the e-voting will be declared on or before August 5, 2026.

Master Components Limited appointed Mrs. Rajeshwari Mudduraj Kulkarni as a Non-Executive Director liable to retire by rotation at its 27th Annual General Meeting held on June 29, 2026. The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Kulkarni was re-appointed to fill the requirement of Section 152 of the Companies Act 2013, considering her long tenure of service.

Director Profile

Mrs. Rajeshwari Mudduraj Kulkarni holds 7,10,200 equity shares, representing 17.76% of the company. She attended all 8 board meetings held in FY26. She is the spouse of Mr. Mudduraj Kulkarni, Whole-Time Director of the company. Her experience spans over a decade in handling post-production operations, packaging, and dispatch activities for plastic parts.

Other Directorships and Roles

Mrs. Kulkarni serves as a director in Master Moulds Private Limited and Master Nidavellir Aeromed Private Limited. She is also a member of the Nomination and Remuneration Committee of Master Components Limited. The company informed the National Stock Exchange of India Ltd. regarding this change in management on June 29, 2026.