Merger25 Jun 2026, 04:50 pm
Manaksia Coated Metals Secured Creditors Approve Amalgamation Scheme
AI Summary
Manaksia Coated Metals & Industries Ltd reports the outcome of a meeting of its secured creditors held on June 9, 2026. The meeting, conducted via video conferencing, was convened to approve the Scheme of Amalgamation of JPA Snacks Private Limited with Manaksia Coated Metals & Industries Limited. The report, submitted by Chairperson Parikshit Poddar, indicates that all secured creditors, representing 100% of the total secured debt (₹3,02,37,959), approved the scheme. The meeting commenced at 2:00 PM IST, was adjourned due to technical difficulties, and recommenced at 2:38 PM IST, concluding at 3:03 PM IST.
Key Highlights
- Secured creditors unanimously approved the amalgamation scheme.
- 100% of secured debt value voted in favor of the scheme.
- Total secured debt represented was ₹3,02,37,959.
- Meeting was held via video conference on June 9, 2026.
- Scheme involves amalgamation of JPA Snacks Private Limited.
Price Impact
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