Selan Exploration Technology Limited has informed the Exchange regarding 'Update on amalgamation hearing dated May 08, 2025'.

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

ANTELOPUS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹510.00

prior close

₹497.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.5% vs market

Oil peers, median of 13sector · industry level+0.8%-2.4% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 2.4 pts less than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+0.4

15m

-2.6

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-0.1-1.5+0.8-2.4

Next day

+3.9+4.5-0.6+4.9-1.0

+6.1+6.2-0.1+5.8+0.3

+5.1+7.9-2.9+6.8-1.8

+11.2+9.0+2.2+9.0+2.2

+12.4+9.9+2.5+10.7+1.6

+10.2+10.0+0.2+8.6+1.5

15d

+7.9+13.1-5.2+8.0-0.1

+31.3+15.5+15.8+7.5+23.8

+32.1+16.8+15.2+11.2+20.9

+12.5+11.3+1.2+6.8+5.8

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Selan Exploration Technology Limited informed the exchange about the latest update on its proposed amalgamation with Antelopus Energy Private Limited. A joint hearing was held before the NCLT Chandigarh Bench on May 08, 2025, attended by both companies, where submissions were heard and the order was reserved. This follows multiple previous intimations since August 2024 regarding the composite scheme of arrangement under Sections 230–232 of the Companies Act, 2013. The company stated it will keep stakeholders updated on further developments.

Likely market impact

This is a procedural update with no immediate change for shareholders. Investors should watch for the NCLT's reserved order, which when pronounced, will move the amalgamation closer to completion and could affect shareholding structure.