EKI Energy Services Limited (EKIESL) has taken a significant step forward in its proposed demerger plan, following an order from the National Company Law Tribunal (NCLT), Indore Bench. The tribunal has directed the company to convene meetings of its equity shareholders and unsecured creditors to consider and approve the scheme of demerger with EKI One Community Projects Limited.

Key Meeting Details

• Equity Shareholders Meeting: Scheduled for November 7, 2025, at 3:30 PM IST
• Unsecured Creditors Meeting: Set for November 7, 2025, at 2:00 PM IST
• Meeting Format: Both meetings to be held through video conferencing

Demerger Scheme Overview

The proposed demerger involves separating EKIESL's Generation Segment, where carbon credits are issued from company-owned projects, into the resulting company, EKI One Community Projects Limited. This subsidiary is currently wholly owned by EKIESL. Post-demerger, EKIESL will retain its Trading and Other Business Segment operations.

Dispensations and Approvals

• The NCLT has dispensed with the requirement to hold meetings for secured creditors of EKIESL, having received consent affidavits from all relevant parties.
• Similarly, meetings for shareholders of EKI One Community Projects Limited have been dispensed with.
• The scheme remains subject to applicable regulatory and other approvals.

Strategic Rationale

The demerger is aimed at achieving several strategic objectives:

1. Enhanced Focus: Enable greater attention and focus on the Trading & Other Business Segment within EKIESL.
2. Efficient Management: Facilitate better and more efficient management of distinct business activities.
3. Independent Growth: Allow the Generation Segment to grow as an independent profit center, reducing third-party dependency.
4. Unlocking Value: Potentially unlock the value of the Generation Division business and attract investors and strategic partners.
5. Operational Synergies: Achieve synergy of operations and lead to greater internal control on business processes.

Financial Implications

Both EKIESL and EKI One Community Projects Limited are expected to reflect positive net worth upon the demerger becoming effective.

Next Steps

Shareholders and unsecured creditors will receive detailed notices about the upcoming meetings, including information on how to access and participate in the video conferencing sessions. The company will also publish advertisements in 'Free Press Journal' (English) and 'Dainik Bhaskar' (Hindi) to inform stakeholders about the meetings.

EKI Energy Services Limited's move towards this corporate restructuring reflects its strategy to optimize its business operations and create focused entities that can potentially drive greater value for stakeholders. As the demerger process progresses, market participants will be keenly watching for the outcome of the upcoming meetings and subsequent regulatory approvals.

EKI Energy Services Limited (EKI) has taken a significant step towards restructuring its business operations by filing an application with the National Company Law Tribunal (NCLT), Indore Bench. The company is seeking approval for the de-merger of its Generation Business into its wholly owned subsidiary, EKI One Community Projects Limited.

Application Details

The application, filed under Sections 230-232 of the Companies Act, 2013, bears the filing number 2315106/00716/2025. EKI has requested the NCLT to provide directions for conducting meetings of its members and unsecured creditors. Additionally, the company has asked for a dispensation from holding a meeting of secured creditors.

Timeline of Events

This move follows earlier intimations made by the company on February 10, 2025, and June 23, 2025, indicating that this de-merger has been in the planning stages for some time. The recent filing on August 26, 2025, marks a concrete step towards implementing this corporate restructuring.

Regulatory Compliance

In compliance with regulatory requirements, EKI Energy Services has promptly informed the BSE Ltd about this development. The company's shares are listed on the BSE under the scrip code 543284.

Next Steps

The company has stated that further updates regarding the de-merger process will be made available on the stock exchange website as they become available. Interested parties can also find information on the company's official website at www.enkingint.org .

Implications

This de-merger, if approved, could potentially streamline EKI Energy Services' operations by separating its Generation Business into a distinct entity. Such corporate restructuring often aims to enhance operational efficiency and create more focused business units.

Investors and stakeholders will be keenly watching the NCLT proceedings and subsequent developments as this corporate action unfolds. The outcome of this application could have significant implications for the company's future structure and operations.