Refex Industries Limited: NCLT order passed for Composite Scheme of Amalgamation and Arrangement
Refex Industries Limited, a publicly listed company, obtained an NCLT order permitting it to convene a meeting of shareholders to consider a Composite Scheme of Amalgamation and Arrangement. The disclosure was made under Regulation 30 of SEBI Listing Regulations as a general update. The specific terms of the scheme, the counterparties, and the consideration remain to be extracted from the full NCLT order document.
Why it mattersThe NCLT's direction to convene a meeting is a gate before shareholder approval; the substantive scheme terms (parties, consideration, undertakings) require review of the underlying NCLT order itself, which governs the scheme's enforceability post-approval.
SectorIndustrials
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