BirlaNu Limited has informed the Exchange about Amalgamation/Merger
BIRLANU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 6.3 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BirlaNu Limited's board approved a draft scheme to merge its wholly owned subsidiary Clean Coats Private Limited into itself. Clean Coats operates in construction chemicals (specialty coatings, epoxy/PU flooring, waterproofing) and was recently acquired by BirlaNu in November 2025 for Rs 113.22 crore. Since Clean Coats is already 100% owned, no new shares will be issued and the shareholding pattern remains unchanged. The scheme, with an appointed date of November 11, 2025, is subject to NCLT and other regulatory approvals. In the same board meeting, Q3 FY26 results were approved (consolidated revenue Rs 858 crore, net loss Rs 53 crore, wider than last year) and 1,10,131 ESOPs were granted at an exercise price of Rs 1,803.80 per option.
Neutral for shareholders. Because Clean Coats is already a wholly owned subsidiary, the merger causes no share dilution or change in ownership — it is a corporate simplification to fold the construction chemicals subsidiary directly into the listed entity, subject to NCLT clearance.