Key Dates

  • NCLT Approval Date: 16th September, 2026 (Hon'ble National Company Law Tribunal, Chandigarh Bench-I)
  • Appointed Date: 1st April, 2025
  • Effective Date: 23rd October, 2026 (date of filing formal NCLT order with Registrar of Companies)

Scheme Details

The Scheme of Amalgamation has become effective, resulting in:

  • Rudra Ecovation Limited (Transferor Company) stands dissolved without winding up
  • All assets and liabilities of Rudra Ecovation transfer to Shiva Texfabs
  • Post-merger equity share capital of Shiva Texfabs will be listed on BSE Limited

Consideration Structure

Share exchange ratio set at: 0.213 (zero point two one three) Equity Shares of Shiva Texfabs Limited of ₹10 each, credited as fully paid-up, for every 1 (one) Equity Share of ₹1 each held in Rudra Ecovation Limited.

Example Calculation

For a shareholder holding 1000 equity shares of ₹1 each in Rudra Ecovation Limited:

  • Pre-merger: 1000 shares of ₹1 each in Rudra Ecovation
  • Post-merger: 213 shares of ₹10 each in Shiva Texfabs
  • These shares will be deemed cancelled and replaced with new shares

Fractional Entitlements

Fractional entitlements will be:

  • Aggregated and held by a trust nominated by Shiva Texfabs Board
  • Sold in the market within 90 days from allotment date
  • Audit Committee and Independent Directors must certify compensation to shareholders within 7 days of compensation

Record Date and Share Allocation

  • Record date to be fixed by Board of Directors to determine shareholder eligibility
  • New equity shares will be issued in dematerialized form
  • Shares will be credited to existing depository accounts of Rudra Ecovation shareholders
  • Physical shareholders must provide depository account details at least 7 days before record date
  • Shares of non-compliant physical shareholders will be held in abeyance/escrow account

Trading Restrictions

  • Shares of Rudra Ecovation Limited will not be tradable after the record date
  • New shares allotted pursuant to the scheme will remain frozen until listing and trading permission is granted by BSE

Name Change

Upon scheme effectiveness, the Transferee Company's name will change from 'Shiva Texfabs Limited' to 'Rudra Ecovation Limited'. The company will comply with applicable provisions of Companies Act, 2013 for the name change.