Announced Sat, 20 Jun · 12:32 IST
NCLT issues further directions on Concord Enviro Scheme of Arrangement
Regulatory & Legal View source PDF
CEWATER · price
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Price reaction · full curve 14 horizons · vs prior close
+7.0%1-day move
₹350.40
prior close
₹352.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.0-1.1-0.9+7.0+9.9+0.4-5.0-3.9-4.5-9.3-14.4——
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AI summary
The NCLT Mumbai Bench has directed issuance of notices to statutory authorities including Central Government, Income Tax, RBI, SEBI, Registrar of Companies, and stock exchanges regarding Concord Enviro's Scheme of Arrangement filed under Sections 230-232 of the Companies Act, 2013. Shareholders had already approved the scheme pursuant to the March 11, 2026 order. Authorities now have 30 days to submit representations. Next hearing scheduled for July 23, 2026.
Likely market impact
Routine procedural step. Scheme still needs final NCLT approval at the July 23 hearing. No immediate impact on shares.