National Standard (India) Limited will convene a meeting of equity shareholders on October 9, 2026, to consider and approve the Scheme of Merger by Absorption with Lodha Developers Limited. The National Company Law Tribunal (NCLT) directed the meeting following its order dated August 6, 2026.

The meeting will be held via Video Conferencing or Other Audio-Visual Means (VC/OAVM). Shareholders can cast their votes electronically starting October 6, 2026, at 9:00 am and ending October 8, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is October 2, 2026.

Meeting Details

Regulatory Compliance

The company issued the intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice and explanatory statement are circulated under Section 230(3) read with Section 102 of the Companies Act, 2013.

The scheme involves the merger of Roselabs Finance Limited and National Standard (India) Limited with Lodha Developers Limited, along with their respective shareholders and creditors. The company is circulating all documents electronically to equity shareholders. The notice and annexures are also available on the company’s website.

National Standard (India) Limited shareholders approved all seven resolutions at its 63rd annual general meeting held on August 28, 2026. The meeting, conducted via video conferencing, saw high participation from non-institutional public investors.

The company reported that 97.08% of the total outstanding shares were voted on the resolutions. Remote e-voting commenced on August 25, 2026, and concluded on August 27, 2026. The meeting was attended by 30 members, including representatives of statutory and secretarial auditors.

Key Resolutions Passed

Shareholders approved ordinary and special resolutions covering financial statements, board appointments, and auditor ratification. The key outcomes include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mr. Kurian Arimpur as a director.
• Appointment of M/s. Walker Chandiok & Co LLP as statutory auditors.
• Appointment of Mr. Vikas Jain as a non-executive non-independent director.
• Appointment of Mr. Sanjay Bahad and re-appointment of Ms. Ritika Bhalla as independent directors.
• Approval of material related-party transactions with Cowtown Infotech Services Limited.

Voting Breakdown

The promoter group, holding 14,788,099 shares, voted in favor of all resolutions except the related-party transaction, where they abstained as required by regulations. Non-institutional public shareholders, holding 5,211,811 shares, participated actively, casting votes on 88.79% of their holdings.

What the Numbers Show

The voting data reveals a distinct bifurcation in shareholder engagement based on shareholding category. While the promoter group cast 100% of its votes on all non-conflicted resolutions, institutional public shareholders (holding 90 shares) did not vote on any resolution. Conversely, non-institutional public shareholders drove the majority of the retail participation, with nearly 89% of their eligible votes cast. This suggests that active retail investors, rather than institutional blocks, are the primary drivers of minority shareholder engagement in this corporate action.