NCLT approves merger of Shivpad Engineers with Jash Engineering

Scheme filed with the NCLTListed-company acquisitionStrategic Transactions View source PDF Explain this filing

JASH · price

Loading chart…

▲ 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

+5.4%Reaction day

₹388.00

prior close

₹429.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+3.7%+1.7% vs market

Industrial Products peers, median of 120sector+2.6%+2.9% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.9 pts more than its Industrial Products 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

+2.5

10m

+1.6

15m

+1.2

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.4+3.7+1.7+2.6+2.9

Next day

+5.7+5.1+0.6+3.3+2.3

-0.3+4.0-4.3+2.8-3.1

-0.1+3.2-3.3+2.1-2.2

+5.6+5.9-0.3+4.4+1.1

+5.2+6.9-1.8+5.0+0.2

+4.2+5.9-1.6+4.4-0.1

15d

+2.2+2.1+0.1+0.1+2.1

+1.0-3.5+4.5-3.6+4.6

-4.0-4.2+0.2-6.6+2.5

+9.0+10.9-1.9+6.9+2.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 120Pending

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

AI summary

NCLT Indore Bench has sanctioned the merger of Shivpad Engineers Private Limited with Jash Engineering Limited under Sections 230 to 232 of the Companies Act, 2013. The order is dated January 30, 2026. The company noted a typographical error in the appointed date and is obtaining a corrected copy of the order, which will be submitted to stock exchanges later.

Likely market impact

Approval of merger with Shivpad Engineers likely expands operations. Shareholders await corrected NCLT order and swap ratio details.