Palco Metals Ltd — Important, 18-06-2026: Company Update

Palco Metals received an NCLT order allowing the first motion application for its Scheme of Arrangement with Palco Recycle Industries, a wholly-owned subsidiary. The Tribunal directed meetings for Palco Metals' equity shareholders and unsecured creditors to approve the amalgamation. For Palco Recycle, meetings were directed for secured and unsecured creditors, while equity shareholder meetings were dispensed. These meetings aim to streamline corporate structure, enhance financial support, and achieve operational efficiencies through consolidation. All required meetings must convene within 45 days of the order.