Announced Sat, 4 Jul · 11:36 IST
Belrise receives NSE and BSE nod for merger scheme with Badve and Eximius Infra
BELRISE · price
▲ 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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.6-1.7-1.8-0.5-2.4-1.4-0.3+2.1+1.3+0.1———
Up moveDown movePending
AI summary
Belrise Industries received no adverse observations from NSE and BSE on July 3, 2026 for its scheme to merge Badve Autocomps and Eximius Infra Tech Solutions into itself by absorption under Sections 230-232 of the Companies Act 2013. The company will now file the scheme with NCLT Mumbai within 6 months, followed by shareholder, creditor, and other regulatory approvals.
Likely market impact
Positive - stock exchange hurdle cleared. Scheme still needs NCLT and shareholder approvals to complete the merger.