Four Shareholders File Oppression & Mismanagement Petition Before NCLT Hyderabad; Next Hearing 25 November 2026
Four shareholders have shared a petition before NCLT Hyderabad against the Company and its Promoter Directors under Sections 241, 242 and 244 of the Companies Act, 2013.
By ScoutQuest · · 2 min read
- Petition Shared
- Four shareholders shared petition before NCLT Hyderabad under Sections 241, 242 and 244 of Companies Act, 2013
- Directors Named
- Removal sought for Mr. G. Satyanarayana, Managing Director, and Mrs. Kodali Vijaya Rani, Promoter Director
- Special Notice Date
- 13.08.2026
- Last Hearing
- 23.09.2026 - no reliefs granted
- Next Hearing
- 25 November 2026
What was disclosed
The Company informed BSE that four shareholders have shared a petition before the Hon'ble National Company Law Tribunal, Hyderabad Bench, against the Company and its Promoter Directors under Sections 241, 242 and 244 of the Companies Act, 2013.
Background
- The Company received a Special Notice from four shareholders: Mr. Venkata Satyanarayana Potluri, Dr. Aveena Gudapati, Mr. Yelledi Srinivasa Rao and Mr. Krishna Prasad Potluri.
- The Special Notice proposed removal of Mr. G. Satyanarayana, Managing Director, and Mrs. Kodali Vijaya Rani, Promoter Director, from their offices as Directors.
- The Special Notice was sent on 13.08.2026, while the notice of the 28th Annual General Meeting had already been issued on 05.08.2026. Hence the item did not form part of the AGM notice.
- The Company replied stating that the shareholding of these shareholders has been challenged before the NCLAT and the matter is sub-judice, so no action could be taken on the Special Notice.
Status of the petition
- The petition seeks the shareholders' rights to vote on all the resolutions at the AGM.
- The matter was listed for hearing on 23.09.2026.
- The Bench directed the next date of hearing to be 25th November, 2026, without granting any reliefs as prayed for.
How investors may read it
Sections 241/242 relate to complaints of oppression and mismanagement, and Section 244 deals with who is eligible to make such an application. The dispute concerns board composition, shareholder voting rights at the AGM and a parallel challenge to shareholding before the NCLAT.
The proceedings are at an early stage and no relief has been granted so far. The outcome will depend on the hearings before the NCLT and the related NCLAT matter. Investors may watch for further updates from the Company around the next hearing date.
Also from Cemantic Infra-Tech
NCLT Hyderabad hearing on oppression & mismanagement petition adjourned to 25.11.2026; no interim relief granted
26 Sep 2026
More numbers
- Number of shareholders who shared the petitionfour shareholders
- Directors proposed for removalMr. G. Satyanarayana, Managing Director, and Mrs. Kodali Vijaya Rani, Promoter D
- Annual General Meeting number28th Annual General Meeting
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