Merger12 May 2026, 01:24 pm
Ekam Leasing: NCLT Approves First Motion for Amalgamation
AI Summary
Ekam Leasing & Finance Co. Ltd. announced that the Hon'ble NCLT, New Delhi Bench, has passed the First Motion Order on May 8, 2026, regarding the Scheme of Amalgamation. The order, received on May 11, 2026, dispenses with meetings of shareholders and creditors of the Transferor Companies and creditors of the Transferee Company, and directs convening a meeting of Equity Shareholders of Ekam Leasing via Video Conferencing for approving the proposed Scheme of Amalgamation. Notices will be issued to relevant authorities. The company is taking steps for compliance and will keep the Stock Exchange informed.
Key Highlights
- NCLT approves First Motion Order for Scheme of Amalgamation.
- Shareholder and creditor meetings of Transferor Companies dispensed.
- Equity Shareholders meeting of Ekam Leasing to be held via Video Conferencing.
- Notices to be issued to Regional Director, Registrar of Companies, and other authorities.
- Scheme does not result in change of management, control or shareholding.