NCLT Amaravati directs meetings of equity shareholders and unsecured creditors for merger scheme

GOCL Corporation has received an NCLT Amaravati order directing it to convene meetings of its Equity Shareholders and Unsecured Creditors to consider the proposed Scheme of Merger by Absorption of Hinduja National Power Corporation.

Thu 8 Oct 2026

NCLT Order Date

October 08, 2026

NCLT Bench

National Company Law Tribunal, Amaravati Bench

Meetings Directed

meetings of its Equity Shareholders and Unsecured Creditors

The company has informed the stock exchanges that it has received an Order dated October 08, 2026 passed by the National Company Law Tribunal, Amaravati Bench.

What the order deals with

• The NCLT has directed the company to convene meetings of its Equity Shareholders and Unsecured Creditors.
• These meetings are for the purpose of considering and, if thought fit, approving the proposed Scheme of Merger by Absorption of Hinduja National Power Corporation Limited into GOCL Corporation Limited and their respective shareholders.
• The scheme is being taken up under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

Who is involved

• Hinduja National Power Corporation Limited is named as the Transferor Company.
• GOCL Corporation Limited is named as the Transferee Company.

What this means

• In a merger by absorption, one company is absorbed into another. As proposed, Hinduja National Power Corporation Limited would be absorbed into GOCL Corporation Limited.
• The NCLT order is a step in the process. The meetings of equity shareholders and unsecured creditors are being convened so that these stakeholders can consider the proposed scheme and decide whether to approve it.
• This intimation follows the company's earlier disclosure dated September 25, 2026.
• The company has said it will make further disclosures to the stock exchanges on subsequent developments in the matter.

What to keep in mind

• The update is about the NCLT directing these meetings to be convened. The meetings themselves are where shareholders and unsecured creditors record their views on the proposed scheme.

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