Palco Metals NCLT meeting approves merger scheme with Palco Recycle

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

+3.9%Reaction day

₹137.60

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+3.5% vs market

Aluminium peers, median of 11sector+0.0%+3.9% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 3.9 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.9+0.5+3.5+0.0+3.9

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+1.7-0.1+1.9+1.1+0.7

+1.7+1.0+0.8+1.8-0.1

+1.7+2.3-0.6+2.1-0.4

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+25.0+5.5+19.5+2.7+22.3

+56.3-1.7+58.0-4.0+60.2

UpDownMarket · Nifty Microcap 250Sector · Aluminium peers, median of 11Pending

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

AI summary

The NCLT Ahmedabad convened a meeting of equity shareholders of Palco Metals Limited on July 27, 2026 to approve the Scheme of Amalgamation between Palco Metals Limited and Palco Recycle Industries Limited. Shareholders passed the resolution with the requisite statutory majority and public shareholder majority required under the Companies Act, 2013 and SEBI rules. About 32.97 lakh shares voted in favour and only 2 shares voted against. The scheme will now move to the next stage of NCLT approval.

Likely market impact

Key milestone cleared for the amalgamation; final NCLT and regulatory approvals remain before the merger becomes effective.