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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Modern Insulators Ltd has informed BSE about the latest hearing at the NCLT Jaipur Bench on 22nd January, 2026 regarding its Scheme of Arrangement with Modern Denim Limited. The Tribunal disposed of the company's petition (C.P.(CAA) - 14/2022) without granting approval, while giving the company liberty to approach the NCLT again after completing certain regulatory and procedural formalities and obtaining necessary approvals from regulators. A certified copy of the order is awaited, and the company will review the order and decide further steps once received.
No approval has been granted at this stage, so the scheme of arrangement remains pending and the merger outcome is uncertain. Shareholders should expect further updates only after the company completes additional regulatory compliances and re-approaches the NCLT, meaning the stock is unlikely to see a meaningful directional move on this procedural update alone.