Announced Mon, 13 Jul · 21:00 IST
Board approves 100% acquisition of RLCPL via share swap, raises authorized capital
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
-2.7%1-day move
₹0.37
prior close
₹0.39
base price
After-mkt
timing
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-5.1—-2.6—-2.7-2.7+0.0-2.7+0.0-5.4————
Up moveDown movePending
AI summary
Board approved acquiring 100% of Rajal Lefin and Commercial Pvt Ltd for Rs 27.51 crores via share swap by issuing 27.51 crore equity shares at Re 1 each to RLCPL shareholders. RLCPL will become wholly owned subsidiary. Authorized capital to rise from Rs 24.25 cr to Rs 51.80 cr, subject to shareholder approval. Q1 FY27 results: total revenue Rs 12.41 lakhs versus nil in Q1 FY26, profit after tax Rs 7.52 lakhs versus loss of Rs 8.10 lakhs. AGM set for 7 August 2026.
Likely market impact
Share swap will heavily dilute existing shareholders but adds RLCPL as wholly owned subsidiary. Q1 results swung to profit from prior year loss.