Announced Wed, 5 Aug · 19:12 IST
Board approves Sandesh Digital merger, Q1 results, Rs 5 dividend
SANDESH · price
▲ 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
+15.1%1-day move
₹988.95
prior close
₹1180.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.7+0.7+0.7+15.1+11.5+10.7+8.8+8.4+9.7+3.1+6.4——
Up moveDown movePending
AI summary
Sandesh Ltd board approved Q1 FY27 results, final dividend of Rs 5 per share with Aug 14 record date, and scheme to merge wholly-owned subsidiary Sandesh Digital Pvt Ltd into itself. No shares will be issued since transferor is wholly-owned. Scheme needs NCLT and other approvals. Director continuation of Smt Pannaben Patel also approved.
Likely market impact
Subsidiary merger simplifies structure with no share dilution. Results and dividend are supportive. Pending NCLT approval.