Announced Tue, 6 Oct, 2026 · 22:36 IST

NCLT approves merger of Clean Coats with BirlaNu Limited

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

BIRLANU · 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

-6.5%Reaction day

₹1410.00

prior close

₹1410.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-6.2% vs market

Other Construction Materials peers, median of 19sector-0.5%-6.0% vs sector

On the reaction day the stock moved 6.2 pts less than Nifty Microcap 250 and 6.0 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.3

15m

-0.5

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.5-0.2-6.2-0.5-6.0

Next day

-9.0-3.0-6.0-2.4-6.6

-7.6-2.7-4.9-2.3-5.3

-8.1-1.9-6.2-4.1-4.0

-7.0-1.7-5.3-3.4-3.6

-7.1-1.0-6.1-1.4-5.7

-7.6-2.0-5.6-2.9-4.7

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 19Pending

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

AI summary

NCLT Hyderabad has approved the scheme of amalgamation of Clean Coats Private Limited, a wholly owned subsidiary of BirlaNu Limited (formerly HIL Limited), with BirlaNu Limited. Clean Coats manufactures specialty coatings and construction chemicals while BirlaNu makes building products like pipes, roofing sheets, and putty. No consideration will be issued since Clean Coats is wholly owned, and its share capital will stand cancelled. The appointed date is November 11, 2025. NCLT Mumbai approval is still pending, and the scheme will become effective only after filing the certified orders with the Registrar of Companies.

Likely market impact

Internal restructuring of wholly owned subsidiary, no share dilution for shareholders, awaits Mumbai NCLT approval and RoC filing to take effect.