Announced Fri, 23 Oct, 2026 · 17:56 IST

Record date fixed for Rudra Ecovation merger with Shiva Texfabs

Nclt Scheme FiledStrategic 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

-2.9%Reaction day

₹19.00

prior close

₹19.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-3.3% vs market

Other Textile Products peers, median of 189sector+0.0%-2.9% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-4.9

15m

-4.9

30m

-5.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.9+0.4-3.3+0.0-2.9

Next day

-3.9+2.1-6.1+0.8-4.8

-3.2pendingpending+0.9-4.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

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

AI summary

The Board fixed 6 November 2026 as the record date for the merger of Rudra Ecovation with Shiva Texfabs. The Chandigarh National Company Law Tribunal approved it on 16 September 2026, and it took effect on 23 October. Shiva Texfabs will issue 0.213 fully paid Rs 10 shares for each Rudra Ecovation share. Those shares will be cancelled, and Shiva Texfabs will be renamed Rudra Ecovation.

Likely market impact

Holders get 0.213 Shiva Texfabs shares per Rudra share. After 6 November, Rudra shares stop trading; new shares stay frozen pending BSE approval.