Rudra Ecovation Limited (Rudra Ecovation) has announced a major corporate restructuring through its amalgamation with Shiva Texfabs Limited.
The Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the Scheme of Amalgamation under which Rudra Ecovation Limited will be amalgamated into Shiva Texfabs Limited.
Here’s what it means for shareholders:
Eligible shareholders of Rudra Ecovation Limited will receive equity shares of Shiva Texfabs Limited in exchange for their existing Rudra Ecovation shares.
Record Date: November 6, 2026
Exchange Ratio:
0.213 fully paid-up equity share of Shiva Texfabs Limited (Face Value ₹10 each)
for every 1 fully paid-up equity share of Rudra Ecovation Limited (Face Value ₹1 each).
Illustrative Example:
For every 1,000 shares held in Rudra Ecovation Limited, shareholders will receive 213 shares of Shiva Texfabs Limited.
Post-Merger Status:
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Rudra Ecovation Limited will be amalgamated into Shiva Texfabs Limited.
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Shiva Texfabs Limited will be the transferee company.
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The equity shares of Shiva Texfabs Limited will be listed on BSE, subject to compliance with the requisite formalities.
What changes for investors:
Shareholders of Rudra Ecovation Limited whose names appear as on the Record Date, November 6, 2026, will be entitled to receive Shiva Texfabs Limited shares in the approved exchange ratio of 0.213:1.
The BSE circular also specifies November 6, 2026, as the date from which dealings in Rudra Ecovation Limited shares will be discontinued, pursuant to the amalgamation.
This amalgamation is aimed at consolidating the businesses under a single corporate entity and integrating Rudra Ecovation Limited into Shiva Texfabs Limited.