Announced Wed, 19 Aug · 18:44 IST
NSE gives no objection to KSCL merger with Kothari Petrochemicals
KOTARISUG · 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
+24.5%1-day move
₹26.91
prior close
₹27.88
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.1+1.1+2.1+24.5+42.1+31.0+26.0+19.3+22.1+10.3+0.3——
Up moveDown movePending
AI summary
Kothari Sugars and Chemicals received NSE no objection letter dated August 19, 2026 for its proposed amalgamation with Kothari Petrochemicals Limited under Sections 230-232 of the Companies Act, 2013. The board had approved the scheme on May 19, 2026. The scheme still needs approvals from shareholders, creditors, and the NCLT. The NSE observation is valid for 6 months within which the scheme must be filed at NCLT.
Likely market impact
Positive milestone moving the merger forward. Still needs NCLT, shareholder and creditor approvals. Shareholders will receive KPL shares in exchange ratio.