Rudra Ecovation Limited has achieved a significant milestone in its corporate restructuring journey, securing overwhelming approval from both equity shareholders and unanimous support from unsecured creditors for its proposed scheme of amalgamation with Shiva Texfabs Limited. The company conducted separate NCLT-convened meetings on February 21, 2026, demonstrating strong stakeholder confidence in the proposed merger.

Equity Shareholders Meeting Results

The equity shareholders meeting, held through video conferencing under the chairmanship of Mr. Ashwani Sharma, Advocate, received remarkable support with 99.99% votes in favor of the amalgamation scheme. A total of 34,509,751 valid votes were cast, representing 28.92% of the total outstanding shares.

The equity shareholders meeting commenced at 11:28 AM and concluded at 11:52 AM, with 32 shareholders attending through video conferencing, including 5 promoter group members and 27 public shareholders.

Unsecured Creditors Meeting Outcome

In a separate meeting held on the same day at 3:31 PM, unsecured creditors of the company provided unanimous approval for the amalgamation scheme. The meeting was conducted through video conferencing with Mr. Ashwani Sharma, Advocate, serving as chairperson, as appointed by the Hon'ble National Company Law Tribunal, Chandigarh Bench.

The creditors meeting included 15 unsecured creditors present through video conferencing, with 14 having already voted through remote e-voting and 7 additional creditors participating solely through remote e-voting.

E-Voting Process and Technology Infrastructure

Both meetings utilized comprehensive electronic voting systems to ensure transparent and efficient participation. Remote e-voting was available from February 17, 2026, at 9:00 AM to February 20, 2026, at 5:00 PM. Central Depository Services Limited (CDSL) provided the e-voting platform, while Beetal Financial & Computer Services Pvt Ltd handled the video conferencing infrastructure and data processing.

Regulatory Compliance and Documentation

The voting results and scrutinizer's reports for both meetings have been filed with BSE Limited under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CS Nancy Singla, Company Secretary and Compliance Officer, managed the regulatory filings and meeting coordination for both sessions.

The comprehensive voting results are available on the company's website at www.rudraecovation.com and CDSL's platform at www.evotingindia.com . The unanimous approval from unsecured creditors, combined with the overwhelming shareholder support, represents a crucial step forward in the amalgamation process between Rudra Ecovation Limited (transferor company) and Shiva Texfabs Limited (transferee company).

Rudra Ecovation Limited, formerly known as Himachal Fibres Limited, has announced the introduction of a special window facility to assist shareholders with the transfer and dematerialisation of physical securities. This initiative comes in response to SEBI Circular No. SEBI/HO/38/13/1(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.

Special Window Details

The company has established a comprehensive framework for shareholders seeking to transfer or dematerialise their physical shares:

Regulatory Compliance and Publication

In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rudra Ecovation has published the notice in Business Standard newspaper on Monday, February 16, 2026, in both English and Hindi editions. The company has also made the information available on its official website at www.rudraecovation.com under the investor relations section.

Eligible Transfer Requests

The special window facility covers multiple categories of transfer requests:

• Physical securities transactions completed before April 01, 2019
• Transfer requests submitted prior to April 01, 2019 that were previously rejected
• Applications returned due to document deficiencies
• Requests not processed due to procedural issues

Shareholder Requirements

Eligible shareholders must submit their transfer requests along with all requisite documents to the company's Registrar and Share Transfer Agent within the specified timeframe. The company has emphasized the importance of shareholders updating their email addresses with the company, RTA, or Depository Participants to ensure smooth communication.

Corporate Information

Rudra Ecovation Limited operates from its registered office at Plot No. 43-44, Industrial Area, Barotiwala-174103, Himachal Pradesh, with its corporate office located in Ludhiana, Punjab. The company secretary and compliance officer, Nancy Singla, has signed the official communication dated February 16, 2026.

Source: