Corporate Action16 Apr 2026, 03:15 pm
East West Freight: NCLT Interim Order for 2-to-10 Share Consolidation
AI Summary
East West Freight Carriers Ltd. received an interim order from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding its petition for share consolidation. The company filed the petition on June 27, 2025, seeking to increase the face value of its shares from ₹2 to ₹10. The NCLT admitted the petition on February 24, 2026, and heard the matter on April 8, 2026. The interim order acknowledges the company's compliance with previous directions, receipt of observations from the Regional Director (RD), and clarification provided to BSE. The company is directed to file a rejoinder to the RD's observations within two weeks. The next hearing is scheduled for June 17, 2026.
Key Highlights
- NCLT issued an interim order on East West Freight's share consolidation petition.
- Company seeks to consolidate shares, changing face value from ₹2 to ₹10.
- NCLT noted compliance; company to file rejoinder to RD observations.
- Next NCLT hearing for the petition is scheduled for June 17, 2026.
Price Impact
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