PSPrivi Speciality Chemicals530117Voting outcome

Shareholders approve amalgamation of two group companies into the company with requisite majority

NCLT-convened meeting of equity shareholders held on Tuesday, October 27, 2026, to vote on the Scheme of Amalgamation.

By ScoutQuest · Tue 27 Oct 2026, 2:10 PM IST · 2 min read

Meeting Date

Tuesday, October 27, 2026

Members Present (VC/OAVM)

57 members

Resolution Outcome

business was transacted and passed with requisite majority (Special Resolution)

What the update covers

The company has shared a summary of the proceedings of the meeting of its equity shareholders, held on the directions of the National Company Law Tribunal (NCLT), Mumbai Bench.

• The meeting was held on Tuesday, October 27, 2026, at 12:30 p.m. through Video Conferencing / Other Audio-Visual Means.
• The deemed venue was the registered office of the transferee company.
• The purpose was to consider and approve the proposed Scheme of Amalgamation of Privi Fine Sciences Private Limited (Transferor Company 1) and Privi Biotechnologies Private Limited (Transferor Company 2) with Privi Speciality Chemicals Limited (Transferee Company).
• The scheme is being considered under sections 230 to 232 of the Companies Act, 2013, and the related merger rules.

What the shareholders decided

• The resolution placed before the members was the approval of the Scheme of Amalgamation, as a Special Resolution.
• The update states that the business contained in the Notice was transacted and passed by the Equity Shareholders with requisite majority.

Voting and result declaration

• A Scrutinizer, Mrs. Dipti Arpit Nagori, Practicing Company Secretary, was appointed to scrutinise the e-voting during the meeting and the remote e-voting process.
• The results of remote e-voting and e-voting during the meeting are to be declared on receipt of the Scrutinizer's Report, and will be placed on the company's website, the website of the e-voting agency (MUFG Intime India Private Limited) and shared with the stock exchanges.
• The resolutions are deemed to have been passed at the meeting upon declaration of the results.

Meeting in numbers

• Members present through VC/OAVM: 57
• Four speakers asked questions, and the management said it responded to all of them.
• The meeting concluded at 01:13 p.m., and e-voting continued for 15 minutes after the conclusion before being disabled automatically.

What this means for shareholders

This is a step in the corporate approval process for the proposed merger of the two private companies into the listed company. The shareholder vote has gone through with the required majority, and the formal voting percentages will follow in the Scrutinizer's Report. The amalgamation itself remains a proposed scheme that moves ahead through the NCLT-driven process set out in the notice of the meeting.

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