NCLT sanctions amalgamation of Greenfuel Energy with Lumax Resources

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

LUMAXTECH · price

Loading chart…

▲ 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

+2.4%Reaction day

₹1348.00

prior close

₹1270.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.3%+3.6% vs market

Auto Components & Equipments peers, median of 110sector-0.5%+2.9% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 2.9 pts more than its Auto Components & Equipments 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

-1.9

10m

-0.5

15m

+0.6

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4-1.3+3.6-0.5+2.9

Next day

+8.9+2.4+6.5+3.4+5.5

+13.4+3.8+9.6+5.2+8.2

+12.8+2.7+10.1+4.7+8.1

+8.3+1.9+6.4+3.4+4.9

+14.0+4.6+9.5+6.7+7.4

+28.9+5.1+23.9+8.2+20.7

15d

+23.1+2.1+21.1+4.6+18.6

+23.1-2.1+25.2+1.0+22.2

+19.4-6.4+25.8-7.7+27.1

+16.2+9.5+6.6+5.1+11.1

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 110Pending

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

AI summary

NCLT Chandigarh Bench has sanctioned the scheme of amalgamation of Greenfuel Energy Solutions Private Limited (step-down subsidiary) with Lumax Resources Private Limited (wholly owned subsidiary) of Lumax Auto Technologies. Appointed date is November 26, 2024. The scheme becomes effective upon filing of the NCLT order with the Registrar of Companies. Transferee Company will allot 66,667 equity shares of Rs 10 each to minority shareholders of the Transferor Company. Greenfuel Energy is in the LPG and CNG conversion kits business. This is an internal group restructuring to simplify the corporate structure.

Likely market impact

Internal group restructuring; no material financial impact on Lumax Auto shareholders. Streamlines subsidiary structure.