Unsecured creditors approve Palco Metals-P alco Recycle amalgamation scheme

Scheme filed with the NCLTStrategic 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

₹131.30

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

Next day

+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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+2.5+4.5-2.0+12.3-9.8

15d

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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

NCLT Ahmedabad directed a meeting of unsecured creditors of Palco Metals Limited on July 27, 2026 to vote on the Scheme of Amalgamation with Palco Recycle Industries Limited under Sections 230-232 of the Companies Act, 2013. Unsecured creditors holding 21.32 crore in debt voted, with 93.33 percent by value approving the scheme and zero voting against. The Scrutinizer confirmed the resolution was passed with the required statutory majority.

Likely market impact

Key creditor approval secured for the merger; scheme now moves to next NCLT stage, bringing Palco Metals and Palco Recycle closer to amalgamation.