Board approves merger of wholly-owned subsidiary Gatil Properties with company

Deal cancelledStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹806.00

prior close

₹803.55

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+0.7% vs market

Residential Commercial Projects peers, median of 60sector-0.4%-0.0% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and in line with its Residential Commercial Projects 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

Stock

+0.2

10m

+0.1

15m

-0.0

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-1.1+0.7-0.4-0.0

Next day

-1.6-3.5+1.8-3.2+1.5

+3.7-1.6+5.3-1.7+5.5

+1.4-2.2+3.6-2.4+3.8

+1.9-1.8+3.7-2.0+3.9

+0.7-1.5+2.2-1.5+2.2

+0.5-1.6+2.1-2.2+2.7

15d

-0.4-2.0+1.6-2.8+2.4

-0.9+0.7-1.6+0.2-1.1

-5.7-3.8-1.9-7.6+1.9

-19.1-9.8-9.3-17.4-1.7

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 60Pending

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

AI summary

Board on Dec 5, 2025 approved merger of wholly-owned subsidiary Gatil Properties Private Limited into the company, with appointed date April 1, 2025. No fresh shares will be issued, so shareholding pattern stays unchanged. An earlier scheme approved Nov 6, 2025 was rescinded. Merger will write off Rs 498.56 Cr capital reserve against securities premium. Subject to NCLT and other approvals.

Likely market impact

No share dilution as wholly-owned subsidiary merger; simplifies structure and strengthens balance sheet. Subject to NCLT and regulatory approvals.