Belrise gets no adverse observations from NSE and BSE for merger scheme

Acquisition announcedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

BELRISE · 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

-3.3%Reaction day

₹231.75

prior close

₹232.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.5%-3.8% vs market

Auto Components & Equipments peers, median of 116sector-0.5%-2.9% vs sector

On the reaction day the stock moved 3.8 pts less than Nifty Smallcap 250 and 2.9 pts less than its Auto Components & Equipments 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

-1.6

15m

-1.7

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3+0.5-3.8-0.5-2.9

Next day

-0.5-0.2-0.3-0.5-0.0

-2.4-2.2-0.2-2.1-0.3

-1.4-0.7-0.8-1.5+0.1

-0.3+0.7-1.0-1.3+1.0

+2.1+1.0+1.2-0.6+2.7

+1.3+0.6+0.8-1.1+2.4

15d

+0.1-1.0+1.1-1.3+1.4

+5.6+2.0+3.6+2.1+3.5

-0.3+2.7-3.0-0.3+0.0

+2.1-0.5+2.6-1.8+3.9

UpDownMarket · Nifty Smallcap 250Sector · Auto Components & Equipments peers, median of 116Pending

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

AI summary

Belrise Industries has received no-objection observation letters from both NSE and BSE on July 3, 2026 for its proposed Scheme of Amalgamation. The scheme is for merger by absorption of Badve Autocomps Pvt Ltd and Eximius Infra Tech Solutions Pvt Ltd into Belrise Industries, under Sections 230 to 232 of the Companies Act 2013. Both exchanges gave no adverse observations. The company will now file the scheme with NCLT within 6 months.

Likely market impact

Removes key regulatory hurdle for the merger; scheme now moves to NCLT; shareholder and creditor approvals still pending.