Roselabs Finance convenes shareholder meeting for merger scheme
Roselabs Finance Ltd has announced a National Company Law Tribunal (NCLT) convened meeting for its equity shareholders. The meeting, scheduled for October 9, 2026, at 10:00 AM IST, will be conducted via video conferencing or other audio-visual means. Shareholders will consider and approve a proposed Scheme of Merger by Absorption involving Roselabs Finance Limited, National Standard (India) Limited, and Lodha Developers Limited. The notice and explanatory statement, along with annexures detailing share exchange ratios and fairness opinions from Bansi S. Mehta Valuers LLP, Kotak Mahindra Capital Company Limited, and Fedex Securities Private Limited, have been circulated electronically. The cut-off date for e-voting eligibility is October 2, 2026.
Key Highlights
- Shareholder meeting called by NCLT on October 9, 2026.
- Purpose: Consider and approve a Scheme of Merger by Absorption.
- Meeting to be held via video conferencing (VC/OAVM).
- E-voting cut-off date set for October 2, 2026.
- Scheme involves Roselabs Finance, National Standard, and Lodha Developers.
Price Impact
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