
Merger17 Sept 2026, 01:21 pm
Rudra Ecovation Merger with Shiva Texfabs Sanctioned by NCLT
AI Summary
Rudra Ecovation Limited has received approval from the National Company Law Tribunal (NCLT), Chandigarh Bench, for its scheme of Merger and Amalgamation with Shiva Texfabs Limited. This order, pronounced on September 16, 2026, sanctions the scheme involving the companies and their respective shareholders and creditors. The company is awaiting the formal certified copy of the order. Following receipt, Rudra Ecovation will complete necessary filings with stock exchanges and regulatory authorities, providing further disclosures as required by SEBI Listing Regulations.
Key Highlights
- NCLT sanctions merger scheme of Rudra Ecovation with Shiva Texfabs.
- Order pronounced on September 16, 2026, by NCLT Chandigarh Bench.
- Company awaits formal order copy for further statutory filings.
- Consequential filings with stock exchanges and regulators to follow.
Price Impact
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