IRM Energy shareholders approve amalgamation with Enertech Distribution

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

IRMENERGY · 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

-7.0%Reaction day

₹284.90

prior close

₹279.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.3%-3.7% vs market

LPG/CNG/PNG/LNG Supplier peers, median of 6sector-1.4%-5.6% vs sector

On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 5.6 pts less than its LPG/CNG/PNG/LNG Supplier 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

+1.0

10m

+0.4

15m

-0.3

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.0-3.3-3.7-1.4-5.6

Next day

-6.6-3.4-3.2-1.2-5.5

-5.2-2.6-2.6-1.4-3.8

-4.9-1.0-3.8+0.6-5.5

-4.5-1.2-3.4-1.1-3.4

-5.2-0.7-4.5-2.4-2.8

-5.4-1.0-4.5-1.5-3.9

15d

-7.4-1.7-5.7-3.0-4.4

-12.1-4.1-8.0-4.2-7.9

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UpDownMarket · Nifty Microcap 250Sector · LPG/CNG/PNG/LNG Supplier peers, median of 6Pending

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

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.