Shiva Texfabs Limited has submitted a regulatory disclosure to BSE Limited regarding the cancellation of cross-holdings between the company and Rudra Ecovation Limited pursuant to their amalgamation scheme.
The Scheme of Amalgamation of Rudra Ecovation Limited (Transferor Company) with Shiva Texfabs Limited (Transferee Company) was approved by the Hon'ble National Company Law Tribunal, Chandigarh Bench-I, Chandigarh vide its order dated 16th September, 2026. The scheme became effective from 23rd October, 2026, which is the date of filing of the formal NCLT order with the Registrar of Companies.
Pursuant to the scheme coming into effect, the following cross-holdings between the two companies stand cancelled and extinguished with effect from 23rd October, 2026:
- 23,39,181 (Twenty-Three Lakh Thirty-Nine Thousand One Hundred and Eighty-One) fully paid-up equity shares of ₹10 each of Shiva Texfabs Limited held by Rudra Ecovation Limited
- 47,01,755 (Forty-Seven Lakh One Thousand Seven Hundred and Fifty-Five) partly paid-up equity shares of Shiva Texfabs Limited held by Rudra Ecovation Limited
- 12,00,000 (Twelve Lakh) fully paid-up compulsorily Redeemable Preference Shares of Rudra Ecovation Limited held by Shiva Texfabs Limited
The disclosure is signed by Akhil Malhotra (DIN: 00126240), Director of Shiva Texfabs Limited, and is submitted under Regulation 30 of the SEBI (LODR) Regulations, 2015 for information and record purposes.