Shiva Texfabs Ltd announces effective scheme of amalgamation with Rudra Ecovation Ltd
Rudra Ecovation · Textiles & Apparels
Key highlights
- Scheme approved by NCLT Chandigarh on 16th Sept 2026 and effective from 23rd Oct 2026
- Rudra Ecovation shares to be exchanged at 0.213 equity shares of ₹10 each in Shiva Texfabs per ₹1 share
- Post-merger shares credited in demat form; Rudra Ecovation shares non-tradable after record date; listing on BSE to follow
Why it's rated notable: The filing states the NCLT-approved amalgamation of Rudra Ecovation Limited into Shiva Texfabs Limited is effective, but it states no transaction value, so the event stays at medium under the merger rule.
Original filing
Effectiveness Of The Scheme Of Amalgamation Of Rudra Ecovation Limited (The Transferor Company) With Shiva Texfabs Limited (The Transferee Company)
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.