NCLT meeting approves Praveg-Eulogia Inn amalgamation scheme

Nclt Scheme FiledStrategic Transactions View source PDF

PRAVEG · price

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Price reaction · full curve 14 horizons · vs prior close

+12.0%1-day move

₹266.80

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+12.0+9.8+10.1+6.6+12.8—————

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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.