AGM/EGM13 May 2026, 10:31 pm
Nilachal Refractories EGM to Approve Asset Sale
AI Summary
Nilachal Refractories Ltd will hold an Extra-Ordinary General Meeting on May 18, 2026, to seek shareholder approval for the sale/transfer/disposal of the company's undertaking under Section 180(1)(a) of the Companies Act, 2013. The meeting will also address the approval for material related party transactions as per SEBI regulations and the Companies Act, 2013, with a transaction limit of ₹2 Crores per related party and ₹8 Crores in aggregate.
Key Highlights
- EGM scheduled for May 18, 2026, to approve the sale/transfer of the company's undertaking.
- Shareholder approval sought under Section 180(1)(a) of the Companies Act, 2013.
- Approval for material related party transactions is on the agenda.
- Transaction limits proposed at ₹2 Crores per related party and ₹8 Crores in aggregate.
- Board authorized to finalize terms and execute agreements for the proposed transactions.
Price Impact
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