Promoter group gets 41.17 lakh shares under NCLT-approved merger scheme

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹12.60

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.1% vs market

Granites & Marbles peers, median of 8sector-0.5%-0.4% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.4 pts less than its Granites & Marbles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-0.9+0.3-1.1-0.5-0.4

Next day

-2.4+1.1-3.5+1.0-3.4

-3.2+1.3-4.5+0.2-3.4

-1.6+2.0-3.6+2.1-3.7

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+7.1+1.1+6.1+1.7+5.5

-6.6-3.2-3.4-1.4-5.1

15d

+6.7-4.8+11.5-1.4+8.1

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UpDownMarket · Nifty Microcap 250Sector · Granites & Marbles peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT approved the merger of Royal Spinwell and Developers into Royal Cushion Vinyl Products, effective August 30, 2026. On October 5, 2026, 41,17,160 equity shares at Rs 10 each (total about Rs 4.11 crore) were allotted to 10 promoter and promoter group members at a swap ratio of 7,807 shares for every 19 shares of RSDPL, increasing their combined shareholding in the listed company.

Likely market impact

Existing public shareholders face dilution as 41.17 lakh new shares are issued to promoter group via the merger swap.