Announced Sat, 11 Jul · 12:36 IST
Stock split 1:5, 51% acquisition of Teneron, name change to Novalum Materials
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
Board approved stock split 1:5 (Rs.10 to Rs.2 face value), acquisition of up to 51% in Teneron Limited (aluminium alloy recycling firm with Rs.708 cr FY25 revenue), and name change to Novalum Materials Limited. Also raised authorised capital from Rs.25 cr to Rs.40 cr and borrowing limit to Rs.100 cr. Approved material related party transaction with Teneron up to Rs.250 cr. All key items subject to shareholder approval at AGM on Aug 6, 2026.
Likely market impact
Major actions pending shareholder approval: stock split may improve liquidity, Teneron acquisition pivots firm into aluminium recycling under a new identity.