Board okays merger into GESL Spinners; share swap ratio 135:100

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.8%Reaction day

₹30.64

prior close

₹32.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+2.6% vs market

Trading & Distributors peers, median of 132sector+0.0%+2.8% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.8 pts more than its Trading & Distributors 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

+0.0

10m

+0.0

15m

+0.0

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.8+0.2+2.6+0.0+2.8

Next day

+5.4+1.0+4.4-0.0+5.4

+5.4+0.7+4.7+0.0+5.4

+5.1+0.9+4.2-0.5+5.6

—+0.2—-0.9—

+8.4-1.8+10.3-2.1+10.5

+3.6+1.4+2.2-1.9+5.5

15d

-11.4-0.6-10.8-1.8-9.6

-11.9+1.5-13.4-1.6-10.3

-19.5+4.5-24.1-3.9-15.6

-24.9+3.1-28.0-4.2-20.7

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 132Pending

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

AI summary

Ganesha Ecoverse board has approved the company's amalgamation into GESL Spinners Limited under Sections 230 to 232 of the Companies Act. Share exchange ratio is 135 equity shares of GESL Spinners (face value Rs.10) for every 100 shares in Ganesha Ecoverse. Preference shares swap 1:1. Appointed date is 1 April 2026. GESL Spinners is an unlisted associate of Ganesha. The scheme requires NCLT, SEBI and BSE approvals. Post merger, Ganesha Ecoverse will cease to exist.

Likely market impact

Shareholders get 1.35 GESL Spinners shares per Ganesha share. Awaiting NCLT, SEBI and BSE clearances; listed status ends for Ganesha.