Deep Industries Limited has informed the Exchange about Amalgamation/Merger

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹391.90

prior close

₹404.55

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.9%+0.4% vs market

Oil peers, median of 15sector · industry level+2.2%+1.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.0 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.3+2.9+0.4+2.2+1.0

Next day

+8.7+5.3+3.4+0.6+8.1

+10.0+2.4+7.6-1.4+11.4

+9.7-0.6+10.3-5.1+14.8

+14.8+4.0+10.8+0.7+14.1

+12.0+4.7+7.3+2.1+10.0

+20.9+6.1+14.8+9.2+11.7

15d

+22.2+17.8+4.4+14.6+7.5

+27.1+18.6+8.5+12.5+14.6

+19.7+24.3-4.6+11.6+8.1

+24.0+32.1-8.1+15.2+8.8

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 15Pending

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

AI summary

Deep Industries Limited has received approval from the NCLT Ahmedabad Bench (order dated March 23, 2026) for its Scheme of Amalgamation merging Kandla Energy and Chemicals Limited (KECL), its wholly-owned subsidiary, into itself. The merger is being carried out under Sections 230-232 of the Companies Act, 2013. This is an update to the company's earlier disclosure dated June 30, 2025, on the same scheme. Since KECL is already a 100% subsidiary, the merger is a pure consolidation with no change in ultimate ownership for shareholders.

Likely market impact

No immediate impact on shareholding or stock price is expected since the merging entity is already a wholly-owned subsidiary — this is a simplification of the corporate structure rather than a value-accretive acquisition. Shareholders may benefit from streamlined operations and reduced compliance costs going forward.