CIE India: NCLT order on merger of wholly owned subsidiary CIEALCAST

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

CIEINDIA · 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

+0.0%Reaction day

₹371.45

prior close

₹374.65

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.5%-0.5% vs market

Auto Components & Equipments peers, median of 124sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and in line with its Auto Components & Equipments 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

-1.3

10m

-1.5

15m

-0.9

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.5-0.5+0.0+0.0

Next day

+2.4+1.6+0.8+1.0+1.4

+1.8+2.0-0.1+0.8+1.0

+2.2+2.0+0.2+1.4+0.8

+1.1+0.8+0.3+0.4+0.7

+1.8+0.9+0.9+0.9+0.9

-0.3-2.6+2.3-2.7+2.4

15d

-5.4-2.8-2.6-2.8-2.7

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UpDownMarket · Nifty Smallcap 250Sector · Auto Components & Equipments peers, median of 124Pending

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

AI summary

CIE Automotive India is merging its wholly owned subsidiary CIE Aluminium Casting India (CIEALCAST) into itself via a scheme of merger by absorption. NCLT Mumbai passed an order on 24 Sept 2026 dispensing with shareholder and creditor meetings. No new shares will be issued since CIEALCAST is wholly owned; its share capital will be cancelled. Board approved the scheme on 23 April 2026. Shareholders and creditors have 30 days to raise objections. The merger aims for operational efficiency and economies of scale.

Likely market impact

No share dilution since the merging unit is wholly owned. Simplifies group structure for efficiency. Neutral to mildly positive.