Merger11 Apr 2026, 01:30 pm
NCLT admits 2nd motion petition for Rudra Ecovation merger
AI Summary
Rudra Ecovation Limited announced that the Hon'ble National Company Law Tribunal, Chandigarh Bench-I, admitted the 2nd motion petition on April 10, 2026. This petition is in connection with the proposed merger between Rudra Ecovation Limited and Shiva Texfabs Limited, marking a significant step forward in the corporate restructuring process.
Key Highlights
- NCLT Chandigarh Bench-I admitted the 2nd motion petition.
- The petition relates to the proposed merger of Rudra Ecovation and Shiva Texfabs.
- Admission occurred on April 10, 2026.
- This advances the merger process for both companies.