Announced Mon, 29 Jun · 16:39 IST
Ekansh Concepts: 2 director appointments and SIIPL merger scheme approved
Management Changes View source PDF
Price
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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
Board approved merger of Sankalp Industrial Infratech (SIIPL) into Ekansh Concepts. Swap ratio: 7 Ekansh shares for every 8 SIIPL shares. Post-merger, SIIPL shareholders become promoters with 73.71% (pre-merger 100% public). Also appointed Mrs. Neha Beriwala and Mr. Rajesh Kumar Agrawal as Additional Executive Directors. Subject to BSE, SEBI, NCLT and shareholder approvals.
Likely market impact
Change of control: SIIPL shareholders to become 73.71% promoters post-merger, diluting existing public holders. Pending approvals.