BSE clears amalgamation scheme of Radical Bio-Organics with Capricorn Systems

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ 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

+2.0%Reaction day

₹22.08

prior close

₹22.52

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.7% vs market

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250, 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

—

10m

—

15m

—

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.0+0.3+1.7

Next day

+4.0+0.5+3.5

+6.1+0.1+6.0

+8.2+0.7+7.5

+10.3+0.4+9.9

+12.5+0.7+11.7

+16.9+0.1+16.9

15d

+36.8+1.5+35.3

+34.0+0.3+33.7

+10.4-6.2+16.5

———

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Capricorn Systems has received BSE's no adverse observation letter dated August 20, 2026 for its proposed amalgamation with Radical Bio-Organics Limited (Transferor Company). Board had approved the scheme on April 11, 2026. The letter has 6 months validity, within which the scheme must be filed with NCLT. BSE included 17 compliance observations covering shareholding disclosures, financials, swap ratio details, and promoter stake impact before shareholder approval.

Likely market impact

Positive regulatory step moving merger closer to NCLT filing. Promoter stake may rise post merger, diluting public shareholders.