Board approves merger with SIIPL, appoints two executive directors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved merger by absorption of Sankalp Industrial Infratech Pvt Ltd into Ekansh Concepts. Swap ratio: 7 ECL shares for every 8 SIIPL shares. Post-merger, promoter group will hold 73.71%, public 26.29%. Shares expand from 1.51 cr to 6.02 cr. SIIPL consolidated net worth Rs 5,846 lakhs vs ECL Rs 4,542 lakhs. Also appointed Neha Beriwala and Rajesh Kumar Agrawal as Additional Executive Directors from June 29, 2026. Needs NCLT, SEBI, BSE and public shareholder approval.
Merger consolidates businesses but promoter holding rises to 73.71% from zero, diluting public shareholders. Subject to multiple regulatory approvals.