Merger of Intermetal into Ashwath Technologies becomes effective

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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Price reaction · full curve 14 horizons · vs prior close

-1.5%1-day move

₹380.50

prior close

₹381.80

base price

After-mkt

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AI summary

Wholly owned subsidiary Intermetal Engineers has merged into Ashwath Technologies, its step-down subsidiary, with the scheme now effective from 18 Aug 2026 (appointed date 1 April 2026). Regional Director approved the merger. Ashwath becomes direct wholly owned subsidiary of RHI Magnesita India. No cash consideration; 10,000 shares of Rs 10 each issued. Intermetal FY26 turnover Rs 547.44 lakh, Ashwath Rs 1,737.68 lakh. Move simplifies corporate structure and cuts compliance costs.

Likely market impact

Internal restructuring between wholly owned subsidiaries; no change in shareholder ownership of RHI Magnesita India. Expected to cut compliance and admin costs.