NCLT-sanctioned merger of Impex Metal into Maithan Alloys is now effective

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

MAITHANALL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹1015.90

prior close

₹1017.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-0.6% vs market

Ferro & Silica Manganese peers, median of 6sector+1.0%-0.7% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.7 pts less than its Ferro & Silica Manganese 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

+0.3

10m

-0.1

15m

+0.2

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.9-0.6+1.0-0.7

Next day

+0.1+0.5-0.5-0.7+0.8

-1.3+0.7-2.0-0.0-1.2

-1.1+0.0-1.2-2.0+0.8

-2.2-2.0-0.2-1.4-0.9

-1.4-0.1-1.2-3.4+2.1

+1.6+1.4+0.2-0.9+2.6

15d

-4.6-1.4-3.2+0.9-5.5

-5.0+1.3-6.3+2.7-7.7

+0.8+3.8-3.0+1.9-1.1

-11.0+2.9-13.9-2.7-8.3

UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 6Pending

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

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.