Announced Tue, 28 Apr · 22:41 IST
Shareholders approve Scheme of Arrangement, NCLT final nod next
CEWATER · 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
-6.0%1-day move
₹328.50
prior close
₹334.45
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-1.0-0.3-0.7-6.0-6.9-7.2-5.3-2.0-10.2-16.6-14.2+1.3—
Up moveDown movePending
AI summary
Concord Enviro Systems' equity shareholders approved the Scheme of Arrangement with 99.9972% votes in favor (1.20 crore votes for vs 341 against) at the NCLT-convened meeting on April 28, 2026. The scheme is filed under Sections 230, 52, and 66 of the Companies Act, 2013. The company will now seek final approval from the NCLT, Mumbai Bench to make the scheme effective.
Likely market impact
Key milestone cleared for corporate restructuring; final NCLT sanction is now the trigger for the scheme to take effect.