Shareholders approve amalgamation of two subsidiaries with Meghmani Organics

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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

-2.4%Reaction day

₹48.02

prior close

₹48.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-0.9% vs market

Pesticides & Agrochemicals peers, median of 28sector-1.3%-1.1% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.1 pts less than its Pesticides & Agrochemicals 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

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Sessions after the filingfrom the prior close

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Reaction day

-2.4-1.4-0.9-1.3-1.1

Next day

-4.2-2.5-1.7-1.4-2.8

+0.4+0.4-0.0+0.5-0.1

+3.3+2.2+1.2+0.9+2.5

+8.0+2.7+5.2+0.8+7.2

+5.8+3.9+1.9+0.4+5.4

+5.2+5.2-0.0+1.1+4.1

15d

-0.9+6.5-7.4-0.5-0.4

-1.9+6.9-8.7-1.4-0.5

+22.3+9.1+13.1-1.5+23.7

+30.2+11.6+18.6-6.9+37.0

UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 28Pending

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

AI summary

Meghmani Organics shareholders approved the scheme of amalgamation merging two wholly owned subsidiaries, Kilburn Chemicals and Meghmani Crop Nutrition, into the company. The special resolution passed with 99.99 percent votes in favor at the NCLT-convened meeting on June 6, 2026. Out of 187 voting shareholders holding about 10.67 crore shares, only 6,146 shares voted against. The scheme now awaits final NCLT sanction.

Likely market impact

Streamlines group structure by absorbing two subsidiaries. Awaiting final NCLT approval. No open offer triggered.