Announced Mon, 29 Jun · 16:37 IST
Board approves merger with Sankalp Industrial Infratech, appoints two directors
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
+2.2%1-day move
₹225.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.2+8.4+8.4+9.3+7.2+5.3+2.7———
Up moveDown movePending
AI summary
Ekansh Concepts board approved merger by absorption of Sankalp Industrial Infratech Pvt Ltd on June 29, 2026. Swap ratio: 7 ECL shares for every 8 SIIPL shares. Post-merger shares rise from 1.51 cr to 6.02 cr, promoter holding at 73.71%, public at 26.29%. SIIPL FY26 net worth Rs 51.19 cr. Scheme needs BSE, SEBI, NCLT approvals. Also appointed Neha Beriwala and Rajesh Kumar Agrawal as Additional Executive Directors.
Likely market impact
Merger expands infrastructure platform; total shares quadruple, diluting public stake. Promoter holding jumps to 73.71%. Subject to NCLT and other approvals.