Announced Thu, 13 Aug · 22:50 IST
NCLT meetings approve Delta Corp composite scheme of arrangement
DELTACORP · 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
-1.0%1-day move
₹60.78
prior close
₹61.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.0-0.2-0.4-1.0-0.4-2.2-2.0-3.3+1.4-7.4-11.7——
Up moveDown movePending
AI summary
Delta Corp Limited secured approval from Unsecured Creditors and Equity Shareholders for its Composite Scheme of Arrangement involving Delta Corp, Deltin Hotel and Resorts, Delta Penland, and Deltin Cruises and Entertainment. Both meetings, held via video conferencing on Aug 13, 2026 under NCLT directions, approved the scheme with the required three-fourths majority. The scheme now moves toward NCLT final approval under Sections 230 to 232 of the Companies Act 2013.
Likely market impact
Restructuring moves closer to NCLT final approval. Specific swap ratio and shareholder impact details will follow in next update.