Announced Thu, 9 Jul · 23:33 IST
Subsidiary DVS Industries merger with MM Forgings takes effect
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 has filed the certified NCLT order with the Registrar of Companies on 9 July 2026, making the merger of its wholly owned subsidiary DVS Industries Pvt Ltd with MM Forgings effective. Appointed date is 1 April 2024. DVS Industries will stand dissolved without winding up. No new shares issued as it is wholly owned. Authorized capital rises to Rs 53.5 crore.
Likely market impact
Streamlines group structure with no share dilution. Simplifies compliance and may reduce administrative costs going forward.