NCC Limited — Important, 16-04-2025: Updates

The adjourned meeting of the Secured Creditors for NCC Limited was held to discuss and approve a Scheme of Arrangement between NCC Infrastructure Holdings Limited and NCC Limited. At the meeting, 14 secured creditors representing 70.55% of the total outstanding debt attended. However, the working capital consortium lenders, holding 59.14% of the debt, requested further adjournment due to pending approvals from their respective committees. Consequently, the meeting was adjourned to 16th June 2025, pending any instructions from the National Company Law Tribunal (NCLT). This development highlights ongoing restructuring efforts but indicates delays in reaching consensus among creditors, which investors should watch closely for potential implications on the company’s strategic direction and financial stability.