NCLT meetings held for amalgamation of Avinya Batteries with PPAP Automotive

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

PPAP · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.0%Reaction day

₹234.00

prior close

₹235.12

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+1.2% vs market

Auto Components & Equipments peers, median of 122sector-2.0%+1.9% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.9 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

Stock

+0.4

10m

+0.8

15m

+0.8

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.0-1.3+1.2-2.0+1.9

Next day

-1.8-1.3-0.6-2.7+0.8

+2.5+0.0+2.5-2.0+4.4

+5.1-0.2+5.4-1.9+7.0

+0.9-3.0+3.9-4.2+5.1

+2.8-2.7+5.5-4.2+6.9

+2.2-1.7+3.9-3.6+5.8

15d

-12.4-8.9-3.5-8.8-3.5

—————

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 122Pending

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

AI summary

PPAP Automotive held NCLT-ordered meetings on 30 Sept 2026 via video conferencing to approve the amalgamation of Avinya Batteries with itself. Three meetings were held: equity shareholders (10:30 AM), secured creditors (12:30 PM), and unsecured creditors (3:30 PM), all with quorum present. Remote e-voting ran from 26 to 29 Sept. Voting results to be announced within 2 working days and submitted to NCLT within 7 days.

Likely market impact

If approved, Avinya Batteries will merge into PPAP Automotive. Await voting results for next steps in the amalgamation process.