NCLT approves amalgamation with DVS Industries, authorised capital rises to Rs 63.5 cr

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

-1.5%Reaction day

₹524.95

prior close

₹525.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-1.6% vs market

Auto Components & Equipments peers, median of 117sector+0.2%-1.8% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.8 pts less than its Auto Components & Equipments 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

-1.7

10m

-1.1

15m

-1.6

30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.1-1.6+0.2-1.8

Next day

-1.7-0.9-0.8-0.6-1.1

-0.7-0.2-0.5-0.4-0.4

-0.3-0.7+0.4+0.0-0.3

-0.3-1.8+1.4-0.4+0.1

+1.5-1.2+2.7-0.2+1.7

+5.0-2.0+7.0-0.2+5.2

15d

+5.2+0.0+5.1+1.7+3.4

+16.8+2.5+14.3+1.9+14.9

+14.3+1.1+13.2-1.4+15.7

+6.3+1.2+5.1-2.1+8.4

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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

AI summary

MM Forgings informed that NCLT has approved the amalgamation of DVS Industries Pvt Ltd with the company under the scheme of amalgamation. Consequently, 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. The share capital update in master data is pending Form INC-28 approval from the Ministry of Corporate Affairs.

Likely market impact

NCLT scheme cleared; new equity may be issued to DVS shareholders per swap ratio, potentially diluting existing holders once MCA approves INC-28.