NCLT-convened meetings of equity shareholders and creditors on 13 November 2026 for the amalgamation scheme

NCLT-convened meetings of equity shareholders, secured creditors and unsecured creditors set for 13 November 2026.

Mon 12 Oct 2026

Meeting Date

13 November 2026

Appointed Date

1 April 2026

E-voting Window / Cut-off

10 to 12 November 2026; cut-off 6 November 2026

What has been announced

GPT Infraprojects Limited has enclosed the notice and explanatory statement for meetings convened on the directions of the National Company Law Tribunal, Kolkata Bench, for equity shareholders, secured creditors and unsecured creditors to consider and, if thought fit, approve the proposed Scheme of Amalgamation of Alcon Builders and Engineers Private Limited (Transferor Company No.1) and Jogbani Highway Private Limited (Transferor Company No.2) with and into GPT Infraprojects Limited (Transferee Company).

The scheme is proposed under Sections 230 to 232 of the Companies Act, 2013 read with Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, with 1 April 2026 as the Appointed Date.

The meetings

• Equity shareholders: Friday, 13 November 2026 at 3:00 P.M. IST, through Video Conferencing / Other Audio-Visual Means.
• Secured creditors: Friday, 13 November 2026 at 10:45 A.M. IST, in physical mode.
• Unsecured creditors: Friday, 13 November 2026 at 12:15 A.M. IST, in physical mode.

Voting and the approval test

• Remote e-voting for equity shareholders begins on Tuesday, 10 November 2026 at 09:00 A.M. IST and ends on Thursday, 12 November 2026 at 05:00 P.M. IST.
• The cut-off date for e-voting is Friday, 6 November 2026; voting rights are reckoned on the paid-up value of the shares registered in the name of the shareholder on that date.
• E-voting is also available during the meeting. A shareholder who has already voted by remote e-voting may attend the meeting but cannot vote again there.
• The scheme shall be acted upon only if the majority in persons representing three-fourths in value of the equity share capital, voting through remote e-voting or e-voting, agree to it, and the votes cast by public shareholders in favour are more than those cast against.

Who runs the meeting

• Mrs. Kinjal Doshi, Chartered Accountant, is the Chairperson appointed by the NCLT for the meeting.
• Ms. Arundhati Barman Roy, Advocate, is the Scrutinizer appointed to scrutinise the votes cast through remote e-voting and e-voting during the meeting.
• The Scrutinizer is to forward her report to the Chairperson within 2 working days from the end of the meeting, and the voting results are to be announced by the Chairperson not later than fifteen days from the conclusion of the meeting.
• If the required quorum is not present at the start, the meeting is adjourned by 30 minutes, after which the persons present are deemed to constitute the quorum.

In simple terms

An amalgamation is a merger: here, two companies are proposed to be merged with and into a third. Alcon Builders and Engineers Private Limited and Jogbani Highway Private Limited are the transferor companies, and GPT Infraprojects Limited is the transferee company. The appointed date, 1 April 2026, is the date from which the scheme is proposed to operate. Approval at these meetings is one step in the process: the scheme, if approved at the meetings, remains subject to the subsequent approval of the NCLT and any other approvals as may be required.

What comes with the notice

The notice encloses the explanatory statement, the NCLT order dated 15 September 2026, the scheme of amalgamation, the reports adopted by the boards of the transferor companies and the transferee company under Section 232(2)(c), the shareholding pattern of the transferee company (pre-scheme and post-scheme) as on 30 September 2026, the statutory auditors' certificate that the accounting treatment is in conformity with the accounting standards, the audited financial statements for the financial year ended 31 March 2026, and the limited review report for the period ended 30 June 2026.

The documents have been sent electronically to shareholders and creditors whose email addresses were registered, and physically where they were not; they can also be accessed on the company's website at https://www.gptinfra.in/amalgamation.

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