Announced Thu, 9 Jul · 23:32 IST
NCLT clears amalgamation of DVS Industries with MM Forgings
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
+1.0%1-day move
₹511.90
prior close
₹519.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.8-0.8-0.8+1.0+0.8+1.8+2.2+2.2+7.9————
Up moveDown movePending
AI summary
MM Forgings received the certified NCLT order sanctioning amalgamation of its wholly owned subsidiary DVS Industries with itself. NCLT Chennai approved the scheme on 19 June 2026. Appointed date is 1 April 2024. No new shares will be issued as DVS is fully owned. DVS will stand dissolved. MMFL authorized capital rises to Rs 53.5 crore.
Likely market impact
Streamlines group structure, cuts compliance costs, no share dilution for MMFL shareholders. Modest operational integration.