Dutron Polymers Limited has announced that it will convene a Board of Directors meeting on April 2, 2025, at 5:00 PM, as directed by the National Company Law Tribunal (NCLT), Ahmedabad Bench. This meeting will be held in accordance with the NCLT order dated March 20, 2025, which requires the company to address a dispute and explore possible settlement options between the involved parties.

Background of the Board Meeting

The National Company Law Tribunal (NCLT) issued an order on March 20, 2025, which mandates Dutron Polymers Limited to convene a board meeting. This decision was made to facilitate discussions aimed at resolving an ongoing dispute within the company and its associated parties. The objective of the meeting is to discuss the dispute and attempt to reach a feasible settlement.

Details of the Board Meeting

• Date of Meeting: April 2, 2025

• Time: 5:00 PM

• Location: Dutron House, Near Mithakhali Under Bridge, Navrangpura, Ahmedabad-380 009, India

As per the guidelines of Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company is required to inform the stock exchanges of the meeting schedule.

Objective of the Meeting

The primary focus of the board meeting will be to discuss the ongoing dispute within the company and attempt to negotiate a settlement that could resolve the issues between the involved parties. The NCLT has provided directions for this discussion, and the company is expected to take appropriate actions based on the outcomes of the meeting.

Importance of the NCLT's Order

The NCLT order is significant as it reflects the tribunal’s intervention in facilitating an amicable resolution to the dispute. The company, under the directive of the NCLT, is working to ensure a peaceful settlement and avoid prolonged legal disputes.

Company’s Commitment to Shareholder Interests

As always, Dutron Polymers Limited is committed to transparency and effective communication with its shareholders and stakeholders. The company has notified the Bombay Stock Exchange (BSE) and is complying with the disclosure requirements as per SEBI regulations.

Conclusion

The Board of Directors meeting scheduled for April 2, 2025, will play a crucial role in resolving the current dispute. The outcome of this meeting could have significant implications for the company’s operations and relationships with its stakeholders. The company is hopeful that it will be able to find a viable settlement and proceed with its business activities in a constructive manner.

As part of good corporate governance, the company is providing this information to ensure that all shareholders are kept informed of developments related to the dispute settlement process. The company will continue to keep the market updated on the outcomes of the meeting as they arise.

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