Announced Fri, 10 Jul · 17:02 IST
MM Forgings amends MOA after DVS Industries amalgamation
MMFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹524.95
prior close
₹525.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.7-1.1-1.6-1.9-1.7-0.7-0.3-0.3+1.5+5.0————
Up moveDown movePending
AI summary
Following NCLT approval of the scheme of amalgamation of D V S Industries Private Limited with MM Forgings, the authorised share capital has increased to Rs 63.5 crore divided into 6.35 crore equity shares of Rs 10 each. Clause V of the MOA has been amended to reflect this higher capital. The change will reflect in master data once MCA approves Form INC-28.
Likely market impact
Procedural update after NCLT cleared the DVS Industries amalgamation. Reflects higher authorised capital; no immediate cash impact for shareholders.