Announced Sat, 12 Sept · 21:12 IST
IRM Energy shareholders approve amalgamation with Enertech Distribution
IRMENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.6%1-day move
₹284.90
prior close
₹279.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+0.4-0.3-0.5-6.6-5.2-4.9-4.5——————
Up moveDown movePending
AI summary
NCLT-convened meetings of IRM Energy equity shareholders and unsecured creditors were held on September 12, 2026 to approve the Scheme of Amalgamation of Enertech Distribution Management Private Limited with IRM Energy. Equity shareholders approved with 99.99 percent in favor (about 3.17 crore shares polled out of 4.1 crore). Unsecured creditors approved unanimously worth INR 117.65 crores. Next step is NCLT final sanction.
Likely market impact
Positive step toward merger completion. Shareholders and creditors have approved the amalgamation scheme. Awaiting NCLT final sanction.