NCLT approves merger of Rudra Ecovation with Shiva Texfabs

NCLT Chandigarh has sanctioned the Scheme of Merger and Amalgamation of Rudra Ecovation Limited with Shiva Texfabs Limited. The order was pronounced on 16 September 2026, with appointed date of 1 April 2025. Rudra Ecovation equity shareholders approved the scheme with 98.65 percent majority and Shiva Texfabs shareholders with 100 percent. All regulatory authorities including BSE, SEBI, Income Tax Department, Regional Director and Official Liquidator raised no objections. Rudra Ecovation will stand dissolved without winding up, with all assets, liabilities, contracts and employees transferring to Shiva Texfabs.