IRM Energy NCLT meetings set Sept 12 for merger vote

IRM Energy Limited has informed stock exchanges that it will hold court-convened meetings of its equity shareholders and unsecured creditors on Saturday, September 12, 2026, through video conferencing and other audio-visual means. The meetings are being held under directions of the National Company Law Tribunal (NCLT), Ahmedabad Bench, to consider and approve a proposed Scheme of Amalgamation.

The scheme relates to the amalgamation of Enertech Distribution Management Private Limited (the transferor company) with IRM Energy Limited (the transferee company). IRM Energy said the disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What IRM Energy announced to exchanges

The company issued notices for two separate court-convened meetings on the same day. Equity shareholders will meet at 10:30 a.m. (IST). Unsecured creditors will meet at 12:30 p.m. (IST). Both meetings are scheduled to be conducted virtually through VC or OAVM.

IRM Energy’s notice states that the meetings are being convened pursuant to NCLT orders dated August 7, 2026 and July 27, 2026. The company also indicated that the notice and accompanying documents, including the full scheme, have been made available on its website and on the websites of BSE and NSE.

Scheme of Amalgamation: entities and legal route

As disclosed, the proposed merger is being pursued under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The matter is filed as Company Scheme Application No. CA(CAA)/31 (AHM)/2026 before the Hon’ble NCLT, Ahmedabad Bench.

The company identified Enertech Distribution Management Private Limited as the transferor company and IRM Energy Limited as the transferee company. The immediate purpose of the court-convened meetings is to obtain the required approvals from stakeholders for the scheme.

Key meeting details for unsecured creditors

IRM Energy has called a meeting of unsecured creditors for Saturday, September 12, 2026, at 12:30 p.m. (IST), to consider and approve the proposed scheme. The meeting will be held via VC/OAVM.

The company disclosed a cut-off date of Sunday, May 31, 2026 to determine voting eligibility for unsecured creditors. Remote e-voting is scheduled to open on Wednesday, September 09, 2026 at 9:00 a.m. (IST) and close on Friday, September 11, 2026 at 5:00 p.m. (IST). The resolution is stated to be deemed passed on Saturday, September 12, 2026.

Key meeting details for equity shareholders

For equity shareholders, IRM Energy has notified that the meeting will be held on Saturday, September 12, 2026, at 10:30 a.m. (IST) via VC/OAVM to approve the same Scheme of Amalgamation.

The cut-off date for determining shareholder eligibility to vote and attend is Saturday, September 05, 2026. Remote e-voting for shareholders is also scheduled from Wednesday, September 09, 2026 at 9:00 a.m. (IST) to Friday, September 11, 2026 at 5:00 p.m. (IST), as per the notice.

NCLT direction and what was dispensed with

The NCLT Ahmedabad Bench allowed a joint application filed by Enertech Distribution Management Pvt. Ltd. and IRM Energy Ltd. in connection with the proposed scheme of amalgamation. As part of its directions, the tribunal ordered IRM Energy to convene meetings of its equity shareholders and unsecured creditors.

The tribunal dispensed with meetings of Enertech’s equity shareholders and unsecured creditors, and also with IRM Energy’s secured creditors, after recording the requisite consents, according to the disclosed case summary. The case details cited include: Case Title: Enertech Distribution Management Private Limited & IRM Energy Limited; Case Number: C.A.(CAA)/31(AHM)2026; Citation: 2026 LLBiz NCLT (AHM) 775.

Chairperson, scrutinizer, and document access

IRM Energy disclosed that Shri Sanjiv Dutt, Ex-Member, NCLT, has been appointed as the Chairperson for the meeting process. CA Sehmil Devdiwala has been appointed as the Scrutinizer.

The company also stated that the notice and all accompanying documents, including the full scheme, are available on the company’s website (www.irmenergy.com) and on the stock exchanges’ websites (BSE and NSE). This is relevant for shareholders and creditors who want to review the scheme before casting their votes.

Snapshot: schedule and voting windows

Other recent disclosures around financial reporting and governance

Separately, IRM Energy had scheduled a Board of Directors meeting on August 6, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

In a board meeting outcome disclosure dated August 06, 2026, the company said the board approved unaudited financial results for Q2 FY2026-27, extended the timeline for utilization of unutilized IPO proceeds up to March 31, 2028, appointed new statutory auditors, fixed a record date for a 15% dividend, and convened the 11th AGM on September 29, 2026. The company also reported that the board meeting commenced at 08:00 p.m. (IST) and concluded at 08:36 p.m. (IST).

Shareholding data disclosed for recent quarters

IRM Energy’s disclosed shareholding data shows promoter holding at 50.07% across Jun 2025, Sep 2025, Dec 2025 and Mar 2026, rising to 50.74% in Jun 2026. The same dataset also lists Cadila Pharmaceuticals as holding 36.48% across the listed quarters, and IRM Trust through its trustees appearing with 14.26% in Jun 2026.

Market impact and what investors typically track

The court-convened meetings are a procedural step required for moving a scheme of amalgamation through the NCLT process. For public market investors, the practical checkpoints are the meeting timelines, the e-voting window, and whether stakeholder approvals are obtained as required.

IRM Energy’s disclosures also place the scheme-related steps alongside other governance and reporting updates, including its board actions on IPO proceeds utilization timeline extension to March 31, 2028 and its AGM schedule for September 29, 2026. Investors generally monitor such filings because they set near-term corporate action calendars and confirm compliance steps.

Conclusion

IRM Energy has scheduled NCLT-directed virtual meetings of equity shareholders and unsecured creditors on September 12, 2026 to vote on the proposed amalgamation of Enertech Distribution Management Private Limited with the company. Remote e-voting is slated for September 09 to September 11, 2026, and the full scheme documents have been made available on the company and exchange websites. The next key milestone is the outcome of these meetings and subsequent steps in the NCLT process under the ongoing application before the Ahmedabad Bench.