Announced Mon, 22 Jun · 19:36 IST
Board to consider merger with Gujarat Kiran Polytex on 30 June
Strategic Transactions View source PDF
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
+10.1%1-day move
₹15.39
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1—+12.8+18.4+17.0+16.9—-19.8——
Up moveDown movePending
AI summary
Kiran Syntex Ltd has informed BSE that its board meeting is scheduled for 30 June 2026 to consider and approve a Scheme of Merger between Kiran Syntex Limited (Transferee Company) and Gujarat Kiran Polytex Limited (Transferor Company). If approved, Gujarat Kiran Polytex will merge into Kiran Syntex. No merger ratio or share swap details have been disclosed yet.
Likely market impact
Merger could consolidate operations. Await board approval on 30 June and subsequent NCLT process. Watch for share swap ratio.