Palco Metals Ltd — Important, 17-06-2026: Company Update

Palco Metals has received an order from the National Company Law Tribunal (NCLT) allowing its initial application for a Scheme of Arrangement with Palco Recycle Industries. The NCLT has directed the company to convene meetings of its equity shareholders, along with secured and unsecured creditors of both companies, within 45 days to consider the proposed Scheme. These stakeholder meetings are a crucial next step to obtain necessary approvals, moving the company closer to the potential sanction and completion of its corporate arrangement.