NCLT meetings approve merger of Avinya Batteries into PPAP Automotive

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

PPAP · price

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Price reactionminutes from the announcement price · days from the prior close

+4.4%Reaction day

₹229.70

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+3.1% vs market

Auto Components & Equipments peers, median of 124sector+1.1%+3.3% vs sector

On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.3 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.4+1.3+3.1+1.1+3.3

Next day

+7.1+1.1+6.0+0.8+6.3

+2.8-1.7+4.5-1.7+4.5

+4.7-1.5+6.2-1.4+6.1

+5.5-0.6+6.1-1.0+6.5

+4.1-0.4+4.5-0.7+4.8

+6.7-1.4+8.0-0.5+7.2

15d

-7.2pendingpending-4.6-2.6

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 124Pending

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

AI summary

PPAP Automotive shareholders, secured creditors and unsecured creditors approved the Scheme of Amalgamation of Avinya Batteries Limited with PPAP Automotive at NCLT convened meetings on September 30, 2026. Equity shareholders approved with 99.9995 percent in favor, with 91.39 lakh shares voting for the resolution. Secured creditors approved unanimously at 100 percent. The scheme now awaits final NCLT sanction.

Likely market impact

Positive step toward merger completion. Scheme still requires NCLT and other regulatory approvals before becoming effective.