Manaksia Coated Metals shareholders approve JPA Snacks merger scheme at NCLT meeting

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

MANAKCOAT · price

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

-2.1%Reaction day

₹105.99

prior close

₹104.38

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-0.9% vs market

Iron & Steel Products peers, median of 97sector-0.8%-1.3% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.3 pts less than its Iron & Steel Products 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

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Sessions after the filingfrom the prior close

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Reaction day

-2.1-1.1-0.9-0.8-1.3

Next day

+2.4+1.9+0.5+1.0+1.4

+1.0+3.7-2.7+1.8-0.8

+3.1+4.2-1.1+1.2+1.9

+5.7+5.4+0.3+2.1+3.6

+7.7+5.9+1.9+2.4+5.3

+6.0+7.6-1.6+2.6+3.4

15d

+10.0+7.7+2.4+2.2+7.9

+19.8+8.6+11.2+0.8+19.0

+10.4+10.5-0.2-0.6+11.0

+21.5+13.3+8.2+3.7+17.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 97Pending

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

AI summary

The company held an NCLT-convened meeting of equity shareholders on June 8, 2026 to vote on the scheme of merger between JPA Snacks Private Limited (transferor) and Manaksia Coated Metals & Industries Limited (transferee). The special resolution was passed with 99.99 percent votes in favor, representing 5,94,24,836 shares, and only 0.01 percent against (55 shares). The scheme now awaits final NCLT sanction and other regulatory approvals.

Likely market impact

Shareholders have cleared the merger. Scheme now moves to final NCLT approval, which could reshape the company structure.