NCLT meeting: shareholders voted on BRFL Textiles amalgamation with Gokaldas Exports

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

GOKEX · price

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▲ 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

+0.1%Reaction day

₹812.30

prior close

₹818.95

announcement price

After-mkt

timing

Nifty Microcap 250market+1.3%-1.2% vs market

Garments & Apparels peers, median of 39sector+1.0%-0.9% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.9 pts less than its Garments & Apparels 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

+1.1

10m

+1.2

15m

+1.3

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+1.3-1.2+1.0-0.9

Next day

-2.1+1.8-3.9+1.4-3.5

-0.9+3.1-4.0+1.1-2.0

-2.3+3.5-5.8+1.2-3.5

-0.9+3.5-4.4+1.8-2.7

-1.8+3.4-5.2+0.5-2.3

-6.2+3.6-9.8+0.4-6.6

15d

-2.0+4.9-6.9-1.1-0.9

-5.5+4.4-9.9-2.4-3.1

-17.3+2.9-20.2-5.1-12.2

-12.8-3.5-9.4-9.0-3.8

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 39Pending

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

AI summary

Gokaldas Exports held an NCLT-ordered shareholder meeting on July 31, 2026 via video conference. 110 members attended. The sole business transacted was approving the Scheme of Amalgamation of BRFL Textiles Private Limited with Gokaldas Exports and their respective shareholders. The resolution will be deemed passed subject to receipt of the requisite vote count, to be declared by the NCLT-appointed scrutinizer as per prescribed timelines. Khaitan and Co acted as legal counsel.

Likely market impact

If approved by requisite majority, BRFL Textiles will merge into Gokaldas Exports. Awaiting vote result, then further NCLT and SEBI approvals needed.