Unsecured creditors of master components have approved the Scheme of Amalgamation with Master Moulds Private Limited, clearing a key regulatory hurdle for the consolidation. The approval was secured during a meeting convened by the National Company Law Tribunal (NCLT) on August 3, 2026, where the proposal received the requisite majority as prescribed under Sections 230 and 232 of the Companies Act, 2013.

The NCLT-convened meeting commenced at 4:00 pm and concluded at 4:17 pm through video conferencing. Mr. Ganapathy Mala Joshy, appointed by the NCLT via an order dated June 12, 2026, chaired the proceedings. The presence of directors, key managerial personnel, and unsecured creditors was recorded, establishing the necessary quorum to conduct the business of the meeting.

Voting for the scheme was conducted via remote e-voting, which remained open from 9:00 am on July 31, 2026, until 5:00 pm on August 2, 2026. Voting facilities were also available during the meeting itself, extending for 15 minutes after the conclusion of the proceedings. M/s Padekar and Kulkarni, Company Secretaries, served as the scrutinizer for the e-voting process.

Following the closure of voting lines, the scrutinizer submitted its report to Mr. Ganapathy Mala Joshy. The report confirms that the Scheme of Amalgamation has been approved by the majority of unsecured creditors. The detailed results of both the remote e-voting and the meeting voting are scheduled for upload on the company’s website, the National Securities Depository Limited (NSDL), and the stock exchanges.

Key Meeting Details

The amalgamation involves Master Moulds Private Limited as the Transferor Company and Master Components Limited as the Transferee Company. This approval is a mandatory step in the corporate restructuring process, ensuring that the interests of unsecured creditors are protected and formally consented to before the scheme receives final approval from the tribunal.

Master Components has secured a purchase order worth ₹49,54,743.30 from a domestic client for the supply of electrical products. The order is to be executed by August 5, 2026, and includes a payment term of 45 days from the Goods Receipt Note (GRN) date. This development was disclosed to the National Stock Exchange of India Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The order pertains to the supply of electrical products to a domestic entity. For competitive sensitivity reasons, the name of the client has not been disclosed. The company confirmed that the promoter, promoter group, or group companies do not have any interest in the entity to whom the order has been awarded. Furthermore, the transaction does not fall within related party transactions.

The disclosure was made in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The intimation was signed by Shrikant Hanamant Joshi, Managing Director and Chairman of Master Components.

Order Details