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

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF

BELRISE · price

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

Price reaction · full curve 14 horizons · vs prior close

-0.5%1-day move

₹231.75

prior close

₹232.00

base price

After-mkt

timing

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-0.9-1.6-1.7-1.8-0.5-2.4-1.4-0.3+2.1+1.3+0.1———

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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.