NCLT approves bonus preference share issue for Siyaram Silk Mills

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

SIYSIL · price

Loading chart…

▲ 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

-2.0%Reaction day

₹627.70

prior close

₹627.85

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-1.3% vs market

Other Textile Products peers, median of 179sector-0.3%-1.8% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.8 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

+0.6

10m

+0.4

15m

+0.1

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.7-1.3-0.3-1.8

Next day

-3.1-0.3-2.9-0.9-2.3

-0.3+1.1-1.3+0.1-0.4

-1.9-0.2-1.6-0.6-1.3

-1.5+0.2-1.8+0.0-1.5

-4.4-0.3-4.0-0.9-3.5

+0.1+2.1-2.0+0.0+0.1

15d

+2.0+4.6-2.5-0.6+2.6

-6.0+5.6-11.6-0.7-5.3

-13.9+7.2-21.1+0.0-13.9

-24.3-4.7-19.7-8.1-16.2

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 179Pending

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

AI summary

NCLT Mumbai has sanctioned Siyaram Silk Mills' Scheme of Arrangement for issuing bonus preference shares to equity shareholders, funded from general reserves. Ratio: 4 Series I preference shares (Rs 10 face value) plus 3 Series II preference shares (Rs 10 face value) for every 1 equity share held. The preference shares will be listed on stock exchanges. The scheme was approved by shareholders and creditors with no objections from any party.

Likely market impact

Shareholders will receive 7 bonus preference shares per equity share held; positive as surplus reserves are returned to investors.