
Legal25 Sept 2026, 10:57 am
Cemantic Infra-Tech Faces Shareholder Petition at NCLT
AI Summary
Cemantic Infra-Tech Ltd has disclosed that four shareholders have filed a petition with the National Company Law Tribunal (NCLT), Hyderabad Bench. The petition, filed under Sections 241, 242, and 244 of the Companies Act, 2013, concerns the proposed removal of the Managing Director, Mr. G. Satyanarayana, and Promoter Director, Mrs. Kodali Vijaya Rani. This matter was not included in the recent AGM notice as the special notice was received after the AGM notice issuance. The NCLT has scheduled the next hearing for November 25, 2026, without granting any interim reliefs. The company is making this disclosure as part of its commitment to corporate governance.
Key Highlights
- Shareholders filed a petition at NCLT seeking removal of MD and Promoter Director.
- NCLT hearing scheduled for November 25, 2026, with no interim reliefs granted.
- Shareholding validity is currently challenged before NCLAT, making the matter sub-judice.
- Company emphasizes commitment to governance and timely disclosure.
Price Impact
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