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KANSAINERBSEKANSAI NEROLAC PAINTS LTDHighNeutral
Announced Fri, 25 Sept, 2026 · 18:20 IST

NCLT sanctions merger of Nerofix with Kansai Nerolac Paints

Nclt Scheme FiledStrategic Transactions View source PDFExplain this filing

KANSAINER · 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
-1.6%Reaction day
₹181.00
prior close
₹181.52
announcement price
After-mkt
timing
Nifty Microcap 250market-1.6%-0.0% vs market
Paints peers, median of 8sector-1.1%-0.5% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.5 pts less than its Paints 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
5m
-0.3
10m
-0.4
15m
-0.7
30m
-0.9
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-1.6-1.6-0.0-1.1-0.5
Next day
+0.6-0.6+1.1-2.0+2.5
2d
-1.7-0.8-0.8-1.9+0.2
3d
-3.7-2.1-1.6-2.1-1.6
4d
-2.2-2.1-0.1-2.8+0.6
5d
+1.8-0.8+2.6-1.5+3.3
1w
-0.3-3.8+3.5-4.1+3.9
15d
+2.0-6.9+8.9-5.1+7.1
1m
-0.6pendingpending-6.5+6.0
2m
—————
3m
—————
UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

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

AI summary

Kansai Nerolac Paints has received NCLT Mumbai Bench approval to merge its wholly owned subsidiary Nerofix Private Limited into itself. Nerofix deals in adhesives, sealants, chemicals and coatings. Since Nerolac owns 100 percent of Nerofix, no new shares will be issued and subsidiary shares will be cancelled. Appointed date is 1 April 2025. Scheme becomes effective upon filing with the Registrar of Companies. The merger targets synergy, economies of scale and operational efficiency.

Likely market impact

Internal merger of wholly owned subsidiary. No new shares issued, so no dilution or open offer. Simplifies group structure and may improve efficiency.