GSP Crop Science board approves scheme to merge two wholly owned subsidiaries

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

+2.0%Reaction day

₹397.10

prior close

₹395.40

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+2.3% vs market

Pesticides & Agrochemicals peers, median of 28sector+0.3%+1.7% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 1.7 pts more than its Pesticides & Agrochemicals 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

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Reaction day

+2.0-0.3+2.3+0.3+1.7

Next day

+1.7-0.1+1.9-0.3+2.0

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15d

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+49.3+0.4+48.9+1.3+48.0

+57.8+3.5+54.3-6.1+63.9

+15.7+2.0+13.7-14.2+29.9

UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 28Pending

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AI summary

Board approved a Scheme of Arrangement to consolidate two wholly owned subsidiaries: amalgamation of Rajdhani Petrochemicals (RPPL) into GSP Crop Science, and demerger of the manufacturing arm of GSP Intermediates (GIPL) into GSP Crop Science. RPPL had net worth of INR 6453.73 lakh and income of INR 12450.90 lakh. GSP Crop Science had net worth of INR 73446.6 lakh. Demerged arm turnover was INR 2825.94 lakh. Appointed date is April 1, 2026. No new shares issued, no cash consideration, no change in shareholding. All entities are in agrochemical business. Aims to streamline structure and achieve synergies.

Likely market impact

Streamlining of corporate structure with no share dilution. Subject to NCLT and other approvals. Synergies expected over time.