NCLT meeting approves Praveg-Eulogia Inn amalgamation scheme

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

PRAVEG · price

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

+3.5%Reaction day

₹266.80

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+2.9% vs market

Hotels & Resorts peers, median of 52sector-0.3%+3.8% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.8 pts more than its Hotels & Resorts 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

+3.5+0.6+2.9-0.3+3.8

Next day

+12.0+0.9+11.0+0.2+11.7

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UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 52Pending

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

AI summary

NCLT Ahmedabad ordered shareholder meeting held on July 18, 2026 to vote on merger of Eulogia Inn Private Limited into Praveg Limited. Equity shareholders approved the amalgamation with 99.99 percent votes in favour, covering 13.2 million shares (50.5 percent of outstanding). Promoter group voted fully in favour. Only 1,674 public votes against.

Likely market impact

Shareholders one step closer to merger completion. Await NCLT final sanction and announcement of effective date and share swap ratio.