StockWatch
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Explosives
Merger8 Oct 2026, 07:01 pm

GOCL Corp: NCLT Orders Shareholder & Creditor Meetings for Merger

AI Summary

GOCL Corporation Limited has received an order from the National Company Law Tribunal (NCLT), Amaravati Bench, directing the convening of meetings for its Equity Shareholders and Unsecured Creditors. These meetings are to consider and approve the proposed Scheme of Merger by Absorption of Hinduja National Power Corporation Limited into GOCL Corporation Limited. This development follows previous intimations and is in accordance with Sections 230-232 of the Companies Act, 2013. The company will provide further updates on subsequent developments.

Key Highlights

  • NCLT orders meetings for shareholders and creditors.
  • Merger of Hinduja National Power Corp into GOCL Corp proposed.
  • Shareholder and creditor approval is now required.
  • Further updates on the merger process will be disclosed.