Board approves amalgamation with Samoro Telecoms, swap ratio 453:1

Scheme filed with the NCLTDemerger ratio announcedAcquisition announcedStrategic Transactions View source PDF Explain this filing

KAVDEFENCE · 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

-1.1%Reaction day

₹66.50

prior close

₹70.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.5% vs market

Telecom - Equipment & Accessories peers, median of 5sector-0.9%-0.2% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.2 pts less than its Telecom - Equipment & Accessories 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

+0.4

10m

-4.9

15m

-5.7

30m

-2.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.4-1.5-0.9-0.2

Next day

-3.5+0.9-4.5-3.1-0.4

-6.0+0.8-6.8-4.4-1.6

+8.3+0.6+7.7-3.5+11.8

+4.3+0.7+3.6-3.7+8.0

+8.3-2.6+10.9-6.2+14.5

+6.8-1.9+8.7-5.9+12.7

15d

+16.2-0.6+16.7-9.6+25.8

+35.1-1.0+36.1-10.2+45.2

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Equipment & Accessories peers, median of 5Pending

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

AI summary

Kavveri Defence board on Sep 6, 2026 approved a Scheme of Amalgamation to absorb Samoro Telecoms Private Limited, which makes professional microwave components for telecom, defence and space. Swap ratio: 453 Kavveri shares for every 1 Samoro share. Kavveri standalone total assets are Rs 14,117.68 lakhs with turnover of Rs 719.87 lakhs; Samoro has total assets of Rs 2,932.51 lakhs and negative net worth. Promoter stake in Kavveri will rise from 24.56% to 45.20%. Common promoters make it a related-party deal needing public shareholder and NCLT approval.

Likely market impact

Subject to NCLT and shareholder approvals. Promoter holding jumps to 45.20% from 24.56%, diluting public shareholders. Combines complementary RF businesses.