Announced Fri, 10 Jul · 18:41 IST
Board approves rebrand to Novalum Materials, 5-for-1 stock split, Teneron acquisition
General View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹267.15
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.0+4.0+8.2+10.3+12.5+14.8————
Up moveDown movePending
AI summary
Rotographics (India) board approved renaming the company to Novalum Materials and a 5-for-1 stock split (Rs 10 to Rs 2 face value) to lift liquidity. Also raised authorized capital from Rs 25 crore to Rs 40 crore. Plans to acquire up to 51% of Teneron Limited, an aluminium recycling firm with Rs 7,080 crore revenue. Related-party deal with Teneron up to Rs 250 crore and borrowings up to Rs 100 crore also cleared. AGM on 6 August 2026.
Likely market impact
Teneron acquisition signals major pivot into aluminium. Stock split may lift liquidity. Rs 250 cr related-party deal raises governance concerns.