Rudra Ecovation and Shiva Texfabs merger becomes effective
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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The National Company Law Tribunal approved the merger on 16 September 2026, and it became effective on 23 October 2026. Rudra is dissolved without winding up, and Shiva Texfabs will be renamed Rudra Ecovation. For each Rs 1 Rudra share, holders receive 0.213 Shiva shares of Rs 10. The shareholder eligibility date is not fixed yet, and new shares stay frozen until BSE listing.
The merger combines both businesses. Rudra holders receive 0.213 Shiva shares per share, with new shares frozen until BSE listing.