Intimation of Filing of Petition for Scheme of Merger with Hon''ble National Company Law Tribunal, Chandigarh Bench.

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-3.6%Reaction day

₹31.64

prior close

₹30.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.1%-1.5% vs market

Other Textile Products peers, median of 180sector-0.9%-2.7% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 2.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

+0.0

15m

+0.0

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6-2.1-1.5-0.9-2.7

Next day

-2.9-2.9+0.1-1.5-1.4

-5.4-3.3-2.1-1.7-3.7

+0.4-2.0+2.4-1.0+1.5

-4.6-0.7-3.9-0.7-3.9

-3.1-1.0-2.2-1.3-1.8

-5.2-1.5-3.7-2.4-2.7

15d

-8.3-0.3-8.0-1.9-6.4

-5.8+0.3-6.2-1.8-4.1

-5.9-1.8-4.1-5.3-0.6

-19.8-5.3-14.5-9.1-10.7

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 180Pending

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

AI summary

Rudra Ecovation Ltd (formerly Himachal Fibres Ltd) has filed a petition with the NCLT Chandigarh Bench on September 23, 2025 for a proposed merger with Shiva Texfabs Ltd. Rudra Ecovation is the Transferor Company and Shiva Texfabs is the Transferee Company. The scheme is filed under Sections 230-232 of the Companies Act, 2013. The company had earlier received a 'No Adverse Observations' letter from the stock exchange on August 25, 2025. The merger remains subject to NCLT and other regulatory approvals.

Likely market impact

If approved, Rudra Ecovation shareholders will become shareholders of Shiva Texfabs. The next key trigger will be NCLT hearings and the announcement of the share swap ratio. Stock price may react based on the swap ratio and relative valuations.