Announced Wed, 9 Sept · 16:14 IST
NCLT sanctions merger of Forge 2000 into Axles India
TSFINV · 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
+3.2%1-day move
₹423.25
prior close
₹422.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.6+1.0+0.7+3.2+3.7+3.5+5.6+7.8—————
Up moveDown movePending
AI summary
TSF Investments Limited has informed the Exchange that the NCLT Chennai has sanctioned the scheme of amalgamation between Forge 2000 Private Limited, a wholly-owned subsidiary (Transferor), and Axles India Limited, a subsidiary (Transferee). The NCLT order is dated 27 August 2026 and was uploaded on the portal on 8 September 2026.
Likely market impact
Internal group restructuring between two subsidiaries; minimal direct impact on TSF shareholders in the near term.