Kisan Mouldings board approves amalgamation with Apollo Pipes

Acquisition announcedScheme 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

-5.0%Reaction day

₹37.01

prior close

₹35.16

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-4.7% vs market

Plastic Products - Industrial peers, median of 33sector-1.1%-3.9% vs sector

On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250 and 3.9 pts less than its Plastic Products - Industrial 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

-5.0-0.3-4.7-1.1-3.9

Next day

-9.7+0.8-10.5+0.5-10.2

-14.2+0.9-15.2+0.0-14.2

-18.5+1.8-20.3+0.1-18.6

-22.6+1.5-24.0-0.4-22.2

-26.4+1.7-28.1-1.2-25.2

-33.6-1.1-32.5-2.4-31.1

15d

-36.1+1.0-37.1+0.2-36.3

-40.6+0.4-41.0-1.0-39.7

-28.8+6.4-35.1-0.8-28.0

-40.3+5.5-45.8+0.8-41.2

UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 33Pending

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

AI summary

Kisan Mouldings board approved a two-step amalgamation scheme on June 26, 2026. First, wholly owned subsidiary KML Tradelinks merges into KML. Second, KML merges into Apollo Pipes Limited (APL), which currently holds 70.56 percent in KML. Share exchange ratio fixed at 4.96 APL shares for every 100 KML shares held. Appointed date April 1, 2026. KML turnover 250 Cr versus APL turnover 887 Cr. Subject to NCLT, SEBI, BSE and NSE approvals. Fairness opinion given by merchant banker Corporate Professionals Capital.

Likely market impact

KML shareholders get 4.96 APL shares per 100 KML shares held. KML will cease as a separate listed entity and shares will be delisted after NCLT and other approvals.