
Merger18 Sept 2026, 01:17 pm
Rudra Ecovation Merger with Shiva Texfabs Sanctioned by NCLT
AI Summary
Rudra Ecovation Limited has received the final order from the National Company Law Tribunal (NCLT), Chandigarh Bench, sanctioning its scheme of Merger and Amalgamation with Shiva Texfabs Limited. This order, pronounced on September 16, 2026, and uploaded to the NCLT website, follows earlier disclosures made by the company. The merger, which involves the transferor company (Rudra Ecovation) and the transferee company (Shiva Texfabs), along with their shareholders and creditors, has now been officially approved by the tribunal. The company will continue to provide updates on material developments.
Key Highlights
- NCLT Chandigarh sanctions the merger scheme of Rudra Ecovation and Shiva Texfabs.
- The final order was pronounced on September 16, 2026.
- The merger involves Rudra Ecovation as the transferor and Shiva Texfabs as the transferee.
- The company will keep the stock exchange informed of further developments.
Price Impact
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