BSERudra Ecovation LtdMinimalNeutral
Announced Wed, 29 Apr · 11:19 IST

Newspaper Publication in respect to notice of hearing of petition for obtaining sanction to the scheme of amalgamation of Rudra Ecovation Limited with Shiva Texfabs Limited

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

Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹22.40
prior close
₹22.45
base price
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+0.0+0.0+0.0-1.1-2.0-1.3-2.7-8.1-10.7-5.0-12.9-16.1-15.4
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AI summary

Rudra Ecovation Ltd (formerly Himachal Fibres Ltd) has published a newspaper notice about a joint company petition filed under Sections 230 & 232 of the Companies Act, 2013 for obtaining sanction to the scheme of amalgamation with Shiva Texfabs Ltd. The petition was filed on March 6, 2026, and the hearing is scheduled for May 22, 2026 at 10:30 AM before the National Company Law Tribunal, Chandigarh Bench-I. The notice invites any person wishing to support or oppose the petition to submit their intention within 2 days before the hearing date. The publication appeared in Financial Express, Dainik Bhaskar, and Ludhiana Bani newspapers on April 28, 2026.

Likely market impact

If the NCLT sanctions the merger, Rudra Ecovation Ltd will be amalgamated into Shiva Texfabs Ltd, potentially affecting shareholders of both companies. Investors should monitor the outcome of the May 22, 2026 hearing.