Announced Sat, 27 Jun, 2026 · 16:53 IST

VMS TMT board approves amalgamation of Aditya Ultra Steel

Acquisition announcedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

VMSTMT · price

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▲ 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

+0.0%Reaction day

₹44.00

prior close

₹43.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.3% vs market

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250, 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

+0.0

10m

+1.4

15m

+1.8

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+0.0-0.3+0.3

Next day

+0.0+0.8-0.8

+3.5+0.9+2.6

+5.7+1.8+3.9

+6.8+1.5+5.4

+11.1+1.7+9.5

+5.7-1.1+6.8

15d

+1.1+1.0+0.1

-1.7+0.4-2.1

+4.2+6.4-2.2

+11.1+5.5+5.6

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

VMS TMT board approved merger of Aditya Ultra Steel (AUSL) into the company. Swap ratio: 75 VMS shares per 100 AUSL shares. AUSL makes TMT bars under KAY2 brand, VMS makes Kamdhenu NXT. Both operate under Kamdhenu license in different Gujarat regions. AUSL turnover INR 410 cr; VMS turnover INR 840 cr. Needs SEBI, NCLT, BSE, NSE approvals. Combined capacity 308,000 tonnes per year.

Likely market impact

Merger consolidates Gujarat TMT operations under one entity. Expected synergies in distribution and procurement. Shareholders will see diluted holdings.