Cross-holdings cancelled under effective Rudra-Shiva Texfabs amalgamation
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.9 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Rudra Ecovation and Shiva Texfabs amalgamation became effective on 23 October 2026 after National Company Law Tribunal approval. Cross-holdings were extinguished: 23,39,181 fully paid and 47,01,755 partly paid Shiva Texfabs shares held by Rudra, and 12,00,000 fully paid compulsory redeemable preference shares of Rudra held by Shiva Texfabs.
The scheme removes cross-holdings and simplifies ownership. No separate consideration, valuation or exchange ratio was disclosed in this filing.