NCLT meeting on Nov 13 for amalgamation with Kothari Petrochemicals

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

KOTARISUG · 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

+0.6%Reaction day

₹26.30

prior close

₹26.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.4% vs market

Sugar peers, median of 27sector+1.3%-0.7% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.7 pts less than its Sugar 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

-1.3

10m

-4.4

15m

-0.4

30m

-2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.2+0.4+1.3-0.7

Next day

+0.6+0.9-0.3+1.6-1.0

-1.0-0.8-0.3-0.3-0.7

-2.3-0.1-2.2+0.6-2.8

-1.1-1.7+0.6-2.9+1.8

-4.9-4.3-0.6-3.4-1.5

-8.8-7.5-1.3-10.0+1.2

15d

-10.1-3.6-6.5-3.7-6.3

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UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

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

AI summary

Kothari Sugars has sent meeting notices to equity shareholders and unsecured creditors for Nov 13, 2026 (10:30 A.M. and 11:30 A.M.) to approve a scheme of amalgamation with Kothari Petrochemicals Limited (transferee). Kothari Sugars is the transferor. NCLT Chennai directed the meetings under Sections 230 to 232 of the Companies Act 2013. Remote e-voting runs Nov 10 to 12, with a Nov 6 cut-off date for shareholders.

Likely market impact

Shareholders should vote on the amalgamation before Nov 12. If approved, Kothari Sugars will merge into Kothari Petrochemicals within the group.