Shareholders Approve Amalgamation of Warren Tea Limited with Maple Hotels & Resorts Limited
The Scheme of Amalgamation involving Warren Tea Limited and Maple Hotels & Resorts Limited has been officially approved by shareholders and unsecured creditors following a meeting held on June 18, 2026. The results of the voting, scrutinized by Shreya Choudhary, confirm that the necessary resolutions have passed as per the requirements stipulated under the Companies Act, 2013.The amalgamation involves the transferor company Warren Tea Limited and the transferee company Maple Hotels & Resorts Limited.
Equity Shareholder Voting Results
The results of the voting for the Scheme of Amalgamation, concerning the equity shareholders, indicate overwhelming support for the proposal.A detailed breakdown of the votes cast by equity shareholders is as follows:
| Category | Total Shares Held | Votes In Favour | Votes Against | Percentage in Favour |
|---|---|---|---|---|
| Promoter and Promoter Group | 7,889,989 | 7,889,989 | 'a' | 100.0000% |
| Public Non Institutions | 4,057,574 | 2,067,218 | 9 | 99.9996% |
| Total Equity Shareholders | 11,950,804 | 9,957,207 | 9 | 99.9999% |
The resolution for the approval of the Scheme received a resounding majority from the combined shareholder base, with 9,957,207 votes recorded in favour and only 9 votes cast against.
Unsecured Creditors' Approval
In addition to the equity shareholders, the meeting also included voting by unsecured creditors of Maple Hotels & Resorts Limited.The results for the Unsecured Creditors were:
- Total Shares for Voting: 96,665,205
- Voted in Favour: 96,665,205
- Voted Against: 0
- Percentage in Favour: 100%
Conclusion of the Resolution
The Scrutinizer's report certifies that the resolutions for the approval of the Scheme have been approved and passed by the requisite majority of both the equity members and unsecured creditors, as stipulated under Section 230 (6) of the Companies Act, 2013.The meeting details noted were:
- Meeting Date: June 18, 2026
- Start Time: 11:30 AM
- End Time: 11:43 AM
- Scrutinizer: Shreya Choudhary, Advocate
The voting process included both remote e-voting (which commenced on June 15, 2026) and dedicated e-voting at the meeting. All relevant electronic data and records relating to the voting have been maintained by the Company Secretary of both companies.
Stock Price Movement
Warren Tea Ltd- settled on Friday at ₹45.90, showing a solid gain of 1.21%. Throughout the trading session, the shares fluctuated within an intraday range from a low of ₹44.80 to a high of ₹46.80.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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