Kiran Syntex files draft merger scheme with BSE

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

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Price reactionminutes from the announcement price · days from the prior close

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₹14.50

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announcement price

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

Other Textile Products peers, median of 187sector-1.4%+1.4% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 1.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.0-3.3+3.3-1.4+1.4

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+4.4-1.7+6.1-2.5+6.9

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

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

AI summary

Kiran Syntex has submitted its draft Scheme of Merger with Gujarat Kiran Polytex Limited (transferor company) to BSE under Regulation 37 of SEBI LODR and Section 230-232 of the Companies Act. The board had approved the merger on June 30, 2026. Next steps are regulatory and NCLT approvals, followed by shareholder and creditor consent.

Likely market impact

Merger with Gujarat Kiran Polytex; no share swap ratio disclosed yet. Awaiting NCLT and shareholder approvals before it takes effect.