StockWatch
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Civil Construction
Merger16 Sept 2026, 06:40 pm

GPT Infraprojects: NCLT Meeting for Amalgamation Scheme

AI Summary

GPT Infraprojects Limited has announced that the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench, has directed the convening of meetings for equity shareholders, unsecured creditors, and secured creditors. These meetings are to consider and approve the Scheme of Amalgamation involving Alcon Builders and Engineers Private Limited and Jogbani Highway Private Limited with GPT Infraprojects Limited. The NCLT order, pronounced on September 15, 2026, mandates these meetings within 90 days. Meetings for equity shareholders of transferor companies and preference shareholders of Jogbani Highway have been dispensed with, as have meetings for unsecured creditors of Jogbani Highway. No meeting of secured creditors for Jogbani Highway is required due to the absence of any such creditors.

Key Highlights

  • NCLT directs meetings for amalgamation scheme approval.
  • Alcon Builders and Jogbani Highway to merge with GPT Infraprojects.
  • Meetings scheduled within 90 days of NCLT order.
  • Certain creditor/shareholder meetings have been dispensed with.