Gloster Limited: Scheme of Amalgamation with two wholly-owned subsidiaries filed

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

GLOSTERLTD · price

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

+1.4%Reaction day

₹677.40

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.0% vs market

Paper Forest & Jute Products peers, median of 23sector · industry level-1.0%+2.3% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 2.3 pts more than its Paper Forest & Jute Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+1.4+0.4+1.0-1.0+2.3

Next day

-0.2+1.8-2.0+0.4-0.6

+1.9+0.5+1.4-0.6+2.5

-0.3+0.9-1.3-0.8+0.5

-5.1+0.3-5.4-1.3-3.8

-2.3+1.4-3.7-1.0-1.3

-1.1+3.2-4.3-0.2-0.9

15d

-6.4+5.4-11.8-3.7-2.7

-11.9+6.4-18.2-3.3-8.6

-15.6+6.3-21.9+1.3-16.8

-23.2-3.6-19.6-5.6-17.6

UpDownMarket · Nifty Microcap 250Sector · Paper Forest & Jute Products peers, median of 23Pending

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

AI summary

Gloster Limited filed a draft Scheme of Amalgamation under SEBI LODR Regulation 37(6) to merge its two 100 percent wholly-owned subsidiaries, Gloster Lifestyle Limited and Gloster Specialities Limited, into itself. Board approved on 12 Nov 2025 with appointed date 1 April 2025. Since the subsidiaries are wholly owned, no share swap applies. Each subsidiary has paid-up capital of Rs 4 crore; Gloster Limited has Rs 10.94 crore. Scheme to be presented to NCLT Kolkata Bench.

Likely market impact

Internal restructuring of wholly-owned subsidiaries. No share swap or capital change for shareholders. Expected to reduce compliance costs and simplify operations.