master components has secured unanimous approval from both its equity shareholders and unsecured creditors for the Scheme of Amalgamation with Master Moulds Private Limited. The approvals were confirmed following meetings convened by the National Company Law Tribunal (NCLT) on August 3, 2026, clearing a critical regulatory hurdle for the consolidation of the two entities under Sections 230 to 232 of the Companies Act, 2013.

The resolutions passed with 100% support in terms of both the number of voters and the value represented, indicating strong stakeholder confidence in the restructuring plan. Mr. Ganapathy Mala Joshy, appointed by the NCLT via an order dated June 12, 2026, chaired both proceedings. The meetings were conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) as per Ministry of Corporate Affairs (MCA) circulars.

Equity Shareholder Approval

The meeting of equity shareholders commenced at 11:00 am. A quorum was established with 30 shareholders attending. Voting was conducted via remote e-voting from July 31, 2026, to August 2, 2026, and during the meeting.

No votes were cast against the resolution, and no invalid votes were recorded. The resolution was approved unanimously by all equity shareholders, including promoter and public shareholders.

Unsecured Creditor Approval

The meeting of unsecured creditors commenced at 4:00 pm, with 11 creditors present to form the quorum. All voting by unsecured creditors occurred via remote e-voting.

Similar to the shareholder vote, there were no opposing or invalid votes among unsecured creditors, representing a total debt value of ₹4,56,59,713.91.

Procedural Compliance

M/s Kulkarni Padekar & Co., Company Secretaries, served as the scrutinizer for both meetings. The firm submitted consolidated reports confirming the unanimous approval. The cut-off date for entitlement to vote was July 28, 2026, for both equity shareholders and unsecured creditors. Notices were dispatched on June 29, 2026, and advertisements were published in 'Financial Express' and 'Nav Shakti' on June 30, 2026.

The detailed voting results and scrutinizer reports are available on the company’s website and the National Securities Depository Limited (NSDL) platform. The next step involves the submission of these results to the NCLT for final sanction of the amalgamation scheme.

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