StockWatch
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Iron & Steel Products
Merger25 Jun 2026, 04:40 pm

Manaksia Coated Metals Unsecured Creditors Approve Amalgamation Scheme

AI Summary

Manaksia Coated Metals & Industries Ltd has reported the outcome of the meeting of its Unsecured Creditors held on June 9, 2026. The meeting, conducted via video conferencing, was convened as per the National Company Law Tribunal's order dated April 24, 2026, concerning the Scheme of Amalgamation of JPA Snacks Private Limited with Manaksia Coated Metals & Industries Limited. The report, submitted by Chairperson Parikshit Poddar, indicates that the Unsecured Creditors have approved the Scheme of Amalgamation based on the scrutinizer's report and voting results. The meeting commenced at 11:07 a.m. IST and concluded at 11:32 a.m. IST, with 14 unsecured creditors attending.

Key Highlights

  • Unsecured Creditors approved the Scheme of Amalgamation.
  • Meeting held on June 9, 2026, via video conferencing.
  • Scheme involves amalgamation of JPA Snacks Private Limited.
  • Approval based on scrutinizer's report and voting results.
  • NCLT order dated April 24, 2026, directed the meeting.