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Merger22 Aug 2026, 11:30 am

Rudra Ecovation: NCLT Reserves Order on Shiva Texfabs Amalgamation Scheme

AI Summary

Rudra Ecovation Limited has announced that the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench, has reserved its order regarding the proposed scheme of amalgamation of Rudra Ecovation Limited (Transferor Company) with Shiva Texfabs Limited (Transferee Company). The NCLT heard the matter and has reserved the order for pronouncement. The company will inform the stock exchanges immediately upon receipt or pronouncement of the order, along with any further required information as per SEBI Listing Regulations.

Key Highlights

  • NCLT Chandigarh Bench has reserved its order on the amalgamation scheme.
  • The scheme involves Rudra Ecovation merging with Shiva Texfabs.
  • Company will provide updates upon order pronouncement.
  • This is a significant step in the corporate restructuring process.