Announced Fri, 21 Aug · 14:50 IST
BSE clears amalgamation scheme of Radical Bio-Organics with Capricorn Systems
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
+4.0%1-day move
₹22.08
prior close
₹22.52
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———+0.0+4.0+6.1+8.2+10.3+12.5+16.9+36.8+34.0——
Up moveDown movePending
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.