Meghmani Organics Limited has received the NCLT Ahmedabad Bench order for its amalgamation scheme involving Kilburn Chemicals Limited and Meghmani Crop Nutrition Limited. The company informed stock exchanges that the NCLT order dated April 30, 2026, read with its earlier order dated April 20, 2026, has directed the convening of stakeholder meetings for the proposed scheme.

Amalgamation Scheme Details

The proposed scheme involves the amalgamation of Kilburn Chemicals Limited (Transferor Company 1) and Meghmani Crop Nutrition Limited (Transferor Company 2) with Meghmani Organics Limited as the transferee company. The scheme is being pursued under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The NCLT order was received by the company on May 01, 2026.

NCLT-Directed Meeting Schedule

The NCLT has directed meetings for all three companies on June 06, 2026, through video conferencing as follows:

Meeting Schedule Correction

The company subsequently issued a correction to the meeting schedule, specifically for Meghmani Organics Limited meetings. The corrected timings show secured creditors meeting moved to 3:00 PM and unsecured creditors meeting shifted to 3:30 PM, while the equity shareholders meeting remains at 2:00 PM.

Regulatory Compliance

Company Secretary and Compliance Officer Jayesh Patel signed the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that formal notices along with explanatory statements, e-voting information, and other relevant instructions will be communicated to stakeholders in due course and made available on the company website. All meetings will be conducted through video conferencing as directed by the NCLT.

Meghmani Organics Limited has successfully concluded its postal ballot voting process, with shareholders approving the reappointment of three independent directors for second consecutive terms. The remote e-voting facility concluded on April 17, 2026, marking the completion of a comprehensive shareholder consultation process.

Postal Ballot Process Overview

The company conducted the postal ballot process in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The remote e-voting facility commenced on Thursday, March 19, 2026 at 9:00 a.m. (IST) and concluded on Friday, April 17, 2026 at 5:00 p.m. (IST). The cut-off date for determining eligible shareholders was Friday, March 13, 2026.

Director Appointments Approved

Shareholders approved three special resolutions for the reappointment of independent directors, each for a second term of three consecutive years commencing from May 5, 2026 to May 4, 2029.

Resolution 1: Mr. Manubhai Patel (DIN: 00132045)

Resolution 2: Prof. (Dr) Ganapati Yadav (DIN: 02235661)

Resolution 3: Ms. Urvashi Shah (DIN: 07007362)

Scrutinizer's Report and Compliance

Kaushik Jayantilal Shah of K J Shah & Company, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer confirmed that all three special resolutions were passed with requisite majority on April 18, 2026. The electronic voting process was conducted through MUFG Intime India Private Limited's platform, ensuring transparency and compliance with regulatory requirements.

The company dispatched the postal ballot notice dated March 16, 2026, through email to eligible shareholders whose email addresses were registered with the company or depositories. Public notices were published in Financial Express (English and Gujarati editions) on March 18, 2026, in compliance with regulatory requirements.

Corporate Governance Enhancement

The successful reappointment of these independent directors strengthens Meghmani Organics' board composition and corporate governance framework. All three directors will serve their second terms from May 5, 2026 to May 4, 2029, providing continuity in board oversight and strategic guidance. The voting results demonstrate strong shareholder confidence in the proposed appointments, with all resolutions receiving overwhelming support from the promoter group and significant backing from public shareholders.