Nilachal Refractories Ltd's Board Approves Disposal of Undertaking and Related Party Transaction Proposal
The Board of Directors of Nilachal Refractories Limited approved a significant proposal involving the sale or transfer of movable assets, which may constitute the disposal of substantially the whole of the company’s undertaking. The decisions were taken at a meeting held on Wednesday, July 22, 2026.During the board meeting, the directors reviewed and sanctioned the proposal for the disposition of certain movable assets. This transaction is subject to shareholder approval and other required statutory and regulatory clearances.
Additionally, the Board approved entering into proposed Related Party Transaction(s) in connection with this disposal, which also requires shareholder consent and adherence to applicable company laws.
To seek formal approval from the shareholders regarding these matters, the Board of Directors decided to convene an Extra-Ordinary General Meeting (EGM). The EGM is scheduled for Tuesday, August 4, 2026.
The Notice convening the EGM, along with the Explanatory Statement, will be circulated to all members in due course and made available on the company’s website.
Stock Price Movement
Nilachal Refractories Ltd is ticking up as shares trade at ₹38.99, reflecting a 1.54% gain as of 13:06. The stock movement today shows it has traded within a range, hitting an intraday low of ₹37.23 while currently standing near its high.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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