Corporate Action8 Oct 2026, 08:50 pm
Royal Cushion Vinyl Products Ltd: Promoter Group Shareholding Change Post-Merger
AI Summary
Royal Cushion Vinyl Products Limited has disclosed changes in shareholding for its Promoter and Promoter Group following the merger with Royal Spinwell and Developers Private Limited. The National Company Law Tribunal approved the scheme, leading to the allotment of 41,17,160 equity shares to eligible shareholders of the transferor company. This allotment resulted in an increase in the shareholding of the Promoter and Promoter Group members, as detailed in the SEBI PIT Regulations disclosures.
Key Highlights
- Shareholding changes reported for Promoter and Promoter Group.
- Allotment of 41,17,160 equity shares post-merger.
- Increase in shareholding for members of Promoter and Promoter Group.
- Disclosures made under SEBI PIT Regulations 7(2)(a) and 7(2)(b).
Price Impact
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