Announced Mon, 22 Jun · 16:18 IST
NCLT orders shareholder meeting for BN Agrochem amalgamation of 3 entities
BNAGROCHEM · 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
-6.0%1-day move
₹281.95
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-6.0-2.5+2.8+4.6+4.3+2.9-0.7-2.5——
Up moveDown movePending
AI summary
NCLT Mumbai ordered BN Agrochem to convene an equity shareholder meeting for amalgamation of A1 Agri Global, B.N. Agritech, and Salasar Balaji Overseas into itself. Appointed date is April 1, 2025. Swap ratios are 122:100, 164:100, and 301:100 respectively. BN Agrochem has 9,296 equity shareholders; meeting to be held within 60 days via video conferencing. Transferor shareholder and unsecured creditor meetings dispensed with as 91 percent plus consent affidavits were received.
Likely market impact
Shareholders to vote on amalgamation expanding BN Agrochem via 3 edible oil and agri entities. Approval needed for scheme to take effect.