Notice of Court Convened Meeting of Equity Shareholders will be held through Video Conferencing on Saturday , February 21, 2026 at 11:00 A.M.

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

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.1% vs market

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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.2 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.

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AI summary

The National Company Law Tribunal (NCLT), Chandigarh Bench, has ordered a Court Convened Meeting of equity shareholders of Rudra Ecovation Limited on Saturday, February 21, 2026 at 11:00 AM, to be held via Video Conferencing, to consider and approve the proposed Scheme of Amalgamation with Shiva Texfabs Limited. Under the scheme, Rudra Ecovation (the listed Transferor Company) will merge into Shiva Texfabs (the unlisted Transferee Company) on a going-concern basis, with an Appointed Date of April 1, 2025. The share exchange ratio is fixed at 0.213 equity shares of Shiva Texfabs (face value ₹10) for every 1 equity share of Rudra Ecovation (face value ₹1) held by shareholders. Remote e-voting runs from February 17, 2026 (9:00 AM) to February 20, 2026 (5:00 PM), with a record/cut-off date of February 14, 2026. BSE will act as the Designated Stock Exchange for the scheme. The valuation report was given by IBBI Registered Valuer Mr. Subodh Kumar and a fairness opinion was issued by 3Dimension Capital Services Limited.

Likely market impact

If shareholders approve the scheme and NCLT sanctions it, Rudra Ecovation shareholders will receive 0.213 shares of unlisted Shiva Texfabs for each share held, effectively resulting in the delisting of Rudra Ecovation from BSE. Retail shareholders should review the share exchange ratio, valuation report, and fairness opinion before voting, as the deal fundamentally changes their holding from a BSE-listed stock to shares in an unlisted entity.