StockWatch
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Garments & Apparels
Board Meeting18 Jun 2026, 06:21 pm

Dollar Industries: Shareholder & Creditor Meetings for Scheme of Arrangement

AI Summary

Dollar Industries Limited has announced meetings for its equity shareholders and unsecured creditors on July 22, 2026, to consider and approve a Composite Scheme of Arrangement. This arrangement involves multiple transferor companies including Dindayal Texpro Private Limited and ADDS Projects Private Limited, with Dollar Industries Limited acting as the transferee/resulting company. The meetings will be conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM) with remote e-voting facilities. The cut-off date for equity shareholders to be eligible to vote is July 15, 2026, while for unsecured creditors it is March 31, 2026. This move is part of a legal process under Sections 230-232 of the Companies Act, 2013, following an order from the National Company Law Tribunal (NCLT), Kolkata Bench.

Key Highlights

  • Meetings scheduled for July 22, 2026, for shareholders and creditors.
  • Purpose is to approve a Composite Scheme of Arrangement.
  • Meetings will be held via VC/OAVM with remote e-voting.
  • Cut-off dates set for shareholder and creditor eligibility.
  • Process is under Sections 230-232 of the Companies Act, 2013.