NDL Ventures Limited has announced the re-appointment of Mr. Munesh Narinder Khanna as a Non-Executive Independent Director for a second term of five years. The resolution was approved by shareholders through a remote e-voting process, which concluded on June 07, 2026. This decision ensures continuity in the company's leadership structure as Mr. Khanna, holding DIN 00202521, continues his tenure.

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting commenced on May 09, 2026, and concluded on June 07, 2026. Ms. Rupal Jhaveri, a Practicing Company Secretary, served as the Scrutinizer for the process and submitted her report confirming the results.

Voting Results

The special resolution received overwhelming support from shareholders. A total of 22,790,190 votes were cast in favour, representing 99.9993% of the total valid votes polled. Only 162 votes were cast against the resolution, accounting for 0.0007% of the total. The high participation and approval rate reflect strong shareholder confidence in the incumbent director.

Process Details

The cut-off date for determining shareholder eligibility was May 01, 2026, with a total of 10,922 shareholders recorded. The dispatch of the postal ballot notice was completed on May 08, 2026. The voting facility was provided by KFin Technologies Limited, acting as the Registrar & Share Transfer Agent. The results have been declared based on the Scrutinizer's report, confirming that the resolution was passed with the requisite majority.

NDL Ventures has filed an application with the National Company Law Tribunal (NCLT), Mumbai Bench, seeking approval for the merger of Hinduja Leyland Finance Limited into itself. The scheme, filed on June 01, 2026, involves the absorption of the transferor company by the transferee company under Sections 230 to 232 of the Companies Act, 2013. This strategic move requires necessary sanctions and permissions from the NCLT and other statutory authorities before completion.

The application was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NDL Ventures, formerly known as NXTDIGITAL Limited, will serve as the transferee company, while Hinduja Leyland Finance Limited is designated as the transferor company. The merger encompasses the respective shareholders of both entities.

Key Details of the Merger Scheme

The scheme remains contingent upon receipt of requisite approvals from the Hon'ble NCLT and other regulatory or statutory authorities. NDL Ventures stated that further developments regarding the merger will be intimated to the stock exchanges in accordance with applicable laws and regulations.