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Adani Ports and Special Economic Zone informs about combined voting results

15 Mar 2022 Evaluate

Pursuant to the order dated February 2, 2022 passed by the Hon’ble National Company Law Tribunal (‘NCLT Order’) Adani Ports and Special Economic Zone has informed that a Meeting of Secured Creditors and Unsecured Creditors of the Company was held on Monday, March 14, 2022 at 12:00 noon and 1:00 pm, respectively, through Video Conference (VC)/Other Audio-Visual Means (OAVM) for approving the Composite Scheme of Arrangement between Gangavaram Port and Adani Ports and Special Economic Zone and Adani Gangavaram Port and their respective shareholders and creditors (‘Scheme’). Further, pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations, the Company has provided facility of remote e-voting; and e-voting at the meeting of the Secured Creditors and Unsecured Creditors for approval of the Scheme. Further, in terms of the SEBI Circular and NCLT Order, the Scheme is also required to be approved by the Secured Creditors and Unsecured Creditors of the Company and accordingly, voting by Secured Creditors and Unsecured Creditors for approval of scheme was carried out through (i) remote e-voting; and (ii) e-voting at the meeting held on September 20, 2021. In terms of the Companies Act, 2013 and NCLT Order, the company has enclosed the following disclosures: a) Combined Scrutinizer’s Report on the resolution passed through (i) remote evoting; and (ii) e-voting at the meeting of the Secured Creditors of the Company as Annexure-A. b) Combined Scrutinizer’s Report on the resolution passed through (i) remote evoting; and (ii) e-voting at the meeting of the Unsecured Creditors of the Company as Annexure-B. The proposed Resolution approving the Scheme was passed with majority of Secured Creditors (including secured debenture holders) and Unsecured Creditors representing three fourth in value of the Creditors of the Company, as required by NCLT Order.

The above information is a part of company’s filings submitted to BSE.

Adani Ports &Special Share Price

1475.10 27.80 (1.92%)
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