Secured Creditors Unanimously Approve JPA Snacks Amalgamation

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

MANAKCOAT · price

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

+3.5%Reaction day

₹105.35

prior close

₹104.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+3.7% vs market

Iron & Steel Products peers, median of 98sector-0.1%+3.6% vs sector

On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 3.6 pts more 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

Stock

+3.2

10m

+1.2

15m

+1.5

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.5-0.3+3.7-0.1+3.6

Next day

+8.2+0.8+7.5-0.3+8.5

+7.3+0.9+6.4-0.7+8.0

+8.7+1.8+6.9-0.1+8.8

+10.7+1.5+9.3-0.2+10.9

+12.5+1.7+10.8-0.1+12.6

+12.0-1.1+13.1-2.0+14.0

15d

+22.4+1.0+21.4-1.8+24.3

+17.6+0.4+17.2-3.9+21.5

+15.8+6.4+9.5-0.4+16.2

+21.2+5.5+15.7-2.5+23.7

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

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

AI summary

Manaksia Coated Metals and Industries Limited received 100% approval from its Secured Creditors for the Scheme of Amalgamation with JPA Snacks Private Limited. At the meeting held on 9 June 2026, all 4 secured creditors, collectively holding debts of Rs 3.02 crore, voted unanimously in favour. The scheme, filed under Sections 230 to 232 of the Companies Act, will now be placed before the NCLT Kolkata Bench for further sanction.

Likely market impact

Positive step for the merger. Secured creditors cleared the amalgamation with JPA Snacks. Next step is NCLT sanction.