The Board of Directors of the Company has, at its meeting held on today, i.e., March 13, 2026, inter alia, considered and in-principally approved, restructuring proposal by way of Amalgamation ....
Awaiting price reaction for this filing.
The Board of Harig Crankshafts Limited met on March 13, 2026, and gave in-principle approval for the amalgamation of Ayushman Infratech Limited into Harig Crankshafts Limited. The Board authorised the Managing Director and Company Secretary to obtain a valuation report and prepare a detailed Scheme of Amalgamation, which will be placed before the Board at a subsequent meeting. No swap ratio, valuation details, or financial terms have been disclosed yet. The company has committed to updating stock exchanges on further progress. The Board meeting ran from 2:30 PM to 4:00 PM.
This is only an initial, in-principle nod — the deal is far from finalised and no concrete terms have been shared. Shareholders should wait for the valuation report, swap ratio, and the final scheme before drawing any conclusions about the stock's direction.