Announced Wed, 1 Jul · 16:57 IST
NCLT-sanctioned merger of Impex Metal into Maithan Alloys is now effective
MAITHANALL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.1%1-day move
₹1015.90
prior close
₹1017.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3—+0.2-0.1+0.1-1.3-1.1-2.2-1.4+1.6-4.6———
Up moveDown movePending
AI summary
NCLT Kolkata has sanctioned the merger of Maithan Alloys' wholly owned subsidiary Impex Metal and Ferro Alloys into itself. The scheme became effective on 30 June 2026, with the appointed date set as 31 March 2024. All assets and liabilities of Impex now vest in Maithan Alloys, and Impex stands dissolved. No new shares were issued as Impex was a wholly owned subsidiary.
Likely market impact
Group structure simplifies as the wholly owned subsidiary merges into the listed entity. No share dilution. Expected cost savings and operational synergies.