Announced Thu, 2 Jul · 17:27 IST
Creditors meeting approves merger with JPA Snacks
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MANAKCOAT · price
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Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹114.50
prior close
₹115.56
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.9+1.9+3.6+3.5+4.8+3.1+5.4+7.4+12.2+10.0———
Up moveDown movePending
AI summary
Secured creditors meeting held on June 9, 2026 under NCLT order approved the Scheme of Merger between JPA Snacks Private Limited and Manaksia Coated Metals & Industries Limited. Resolution passed with 100 percent votes in favor. All 4 secured creditors participated through video conferencing. Public institutions holding 3.02 crore shares voted entirely in favor with no votes against.
Likely market impact
Creditor approval is a key milestone for the JPA Snacks merger. Scheme still needs final NCLT sanction before becoming effective.