The Board of Director of the Company has, at its meeting held on today, i.e., May 6, 2026, inter alia, considered and withdraw the in-principal approval for the proposed Amalgamation of ....
Awaiting price reaction for this filing.
Harig Crankshafts Limited's Board of Directors has withdrawn its in-principal approval for the proposed amalgamation of Ayushman Infratech Limited with Harig Crankshafts Limited. This decision was made at the board meeting held on May 6, 2026. The original in-principal approval had been granted at a previous board meeting on March 13, 2026. The meeting lasted one hour, from 1:00 PM to 2:00 PM. The company has disclosed this outcome under SEBI Listing Regulations.
The withdrawal of the amalgamation approval indicates the deal will not proceed as originally planned, which may disappoint investors anticipating consolidation benefits. The stock may see neutral to negative reaction depending on market expectations of the cancelled deal.