NCLT-convened shareholder meeting held for amalgamation scheme approval

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

₹8.58

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-4.6% vs market

Diversified Commercial Services peers, median of 76sector+0.0%-3.3% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 3.3 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

-3.3+1.3-4.6+0.0-3.3

Next day

-8.0+0.0-8.1-0.3-7.7

-8.4+0.5-8.9+0.0-8.4

-7.9-0.1-7.9+0.0-7.9

-3.3+1.0-4.3+0.0-3.3

-3.3+2.4-5.6+0.3-3.5

-12.6+4.1-16.7+0.7-13.2

15d

-30.2+5.1-35.2-0.4-29.8

-29.4+5.8-35.2-0.6-28.8

-26.0+4.5-30.5-3.2-22.8

-1.7-2.4+0.6-11.0+9.2

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 76Pending

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

AI summary

Ekam Leasing held its NCLT-ordered equity shareholder meeting on July 24, 2026 via video conferencing to approve the Scheme of Amalgamation of Rex Overseas and S&S Balajee Mercantile into Ekam Leasing under Sections 230-232 of the Companies Act 2013. Out of 3460 shareholders on record date, 88 attended. Quorum was met after a 30-minute adjournment. Voting results pending.

Likely market impact

Shareholders voted on the amalgamation; results await Scrutinizer Report. If approved, two firms merge into Ekam Leasing, changing its size and structure.