Announced Tue, 1 Sept · 14:11 IST
NCLT-sanctioned merger with Royal Spinwell becomes effective
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
-9.2%1-day move
₹12.67
prior close
₹11.85
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-9.2-7.3-6.9-7.0+10.7+8.9————
Up moveDown movePending
AI summary
Royal Cushion Vinyl Products announces that its NCLT-sanctioned scheme of arrangement merging Royal Spinwell and Developers Private Limited into the listed company has become effective from August 30, 2026, with effect from the appointed date of October 1, 2021. The merger was filed under Sections 230-232 of the Companies Act, 2013.
Likely market impact
Royal Spinwell has merged into the listed company, expanding its business base. Watch for any share allotment to transferor shareholders.