Announced Sat, 20 Jun · 12:45 IST
NCLT issues procedural 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
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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
NCLT Mumbai has directed issuance of notices to statutory authorities including Income Tax, SEBI, RBI, and RoC regarding Concord Enviro's Scheme of Arrangement with its shareholders. Shareholders had already approved the scheme in March 2026. Authorities get 30 days to file objections, failing which they are presumed to have no objection. Next hearing is scheduled for July 23, 2026.
Likely market impact
Routine procedural step in scheme approval. No immediate impact on shareholders; final outcome to follow at the July 23 hearing.