NCLT sanctions merger of Rudra Ecovation with Shiva Texfabs

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

Price

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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

+3.7%Reaction day

₹20.22

prior close

₹20.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+2.8% vs market

Other Textile Products peers, median of 187sector+0.1%+3.5% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.5 pts more 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

+0.0

10m

-1.8

15m

+2.5

30m

+4.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.7+0.8+2.8+0.1+3.5

Next day

+8.8+2.5+6.3+0.0+8.8

+14.2+2.3+11.9+0.1+14.1

+19.9+2.8+17.2+0.0+19.9

+22.4+4.1+18.3+0.8+21.6

+22.0+2.5+19.5+0.7+21.3

+20.1+1.2+18.9-0.0+20.1

15d

-1.6-0.8-0.8-1.9+0.3

-2.7-1.7-1.0-2.2-0.5

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

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

AI summary

Rudra Ecovation Limited informed that the NCLT Chandigarh Bench has pronounced its order on 16.09.2026 sanctioning the Scheme of Merger and Amalgamation of Rudra Ecovation (Transferor) with Shiva Texfabs (Transferee) and their respective shareholders and creditors. The company is awaiting the certified copy of the order and will complete remaining statutory filings with stock exchanges and regulatory authorities.

Likely market impact

NCLT approved the merger. Rudra Ecovation shareholders will receive Shiva Texfabs shares per the approved swap ratio once remaining formalities are completed.