Intimation of Filing of Petition for Scheme of Merger with Hon''ble National Company Law Tribunal, Chandigarh Bench.
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Awaiting price reaction for this filing.
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.
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.