BSENarbada Gems and Jewellery LtdHighNeutral
Announced Fri, 19 Sept · 17:02 IST
The company petition CAA-5 has been admitted for hearing before Hon''ble NCLT- Hyderabad bench.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Narbada Gems and Jewellery Ltd announced that its Second Motion Petition (Form CAA-5) for the proposed merger has been admitted by the NCLT Hyderabad bench. The petition relates to the Scheme of Amalgamation between Narbada Gems & Jewellery Limited and Uday Jewellery Industries Limited. The matter is expected to be listed for hearing shortly. The company has committed to updating the stock exchange as further developments occur.
Likely market impact
This is a procedural milestone in the merger process, not a final approval. Shareholders should expect further updates once the NCLT hearing concludes and a ruling is issued on the scheme.