41,17,160 equity shares allotted to RSDPL shareholders as merger scheme takes effect

41,17,160 equity shares of Rs. 10/- each allotted to eligible shareholders of Royal Spinwell and Developers Private Limited (RSDPL) after its merger into the company became effective on August 30, 2026.

Thu 8 Oct 2026

Equity shares allotted

41,17,160 equity shares of Rs. 10/- each

Swap ratio

7,807 shares for every 19 RSDPL shares

Total value of shares allotted

Rs. 4,11,71,600

Royal Cushion Vinyl Products Limited has disclosed an allotment of equity shares to shareholders of Royal Spinwell and Developers Private Limited (RSDPL), the transferor company in a merger that has now become effective.

What the update says

The Scheme of Arrangement in the nature of merger / amalgamation of RSDPL with the company was approved by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, vide its order dated July 28, 2026. The Scheme became effective with effect from August 30, 2026.

In terms of the Scheme, 41,17,160 equity shares of Rs. 10/- each of the company have been allotted at par to the eligible equity shareholders of RSDPL on October 05, 2026, in the ratio of 7,807 equity shares of the company for every 19 fully paid-up equity shares of RSDPL. Consequent to the allotment, the respective allottees have acquired the equity shares of the company, resulting in an increase in the shareholding of the members of the Promoter and Promoter Group.

Key figures

• Equity shares allotted: 41,17,160
• Value of shares allotted: Rs. 4,11,71,600
• Issue price: Rs. 10/- per share, at par
• Ratio: 7,807 equity shares of the company for every 19 equity shares of RSDPL
• Allotment date: October 05, 2026
• Scheme effective from: August 30, 2026

Who received the shares

• Mahesh Kantilal Shah (Promoter): 4,10,894 shares, total value Rs. 41,08,940
• Vinod Kantilal Shah (Promoter): 4,15,003 shares, total value Rs. 41,50,030
• Deepak Amrutlal Motasha (Promoter): 4,10,894 shares, total value Rs. 41,08,940
• Jayesh Amrutlal Motasha (Promoter): 4,15,003 shares, total value Rs. 41,50,030
• Mukesh Amrutlal Motasha (Promoter): 4,10,894 shares, total value Rs. 41,08,940
• Suvrat Mahesh Shah (Promoter Group): 6,16,342 shares, total value Rs. 61,63,420
• Jay Vinod Shah (Promoter Group): 6,16,342 shares, total value Rs. 61,63,420
• Vivek Deepak Motasha (Promoter Group): 2,87,626 shares, total value Rs. 28,76,260
• Rahul Mukesh Motasha (Promoter Group): 2,87,626 shares, total value Rs. 28,76,260
• Varun Jayesh Motasha (Promoter Group): 2,46,536 shares, total value Rs. 24,65,360

Shareholding before and after

The individual disclosures show holdings prior to and after this allotment.

• Mahesh Kantilal Shah: 31,83,000 shares (8.70%) before, 35,93,894 shares (8.85%) after
• Vinod Kantilal Shah: 10,41,400 shares (2.85%) before, 14,56,403 shares (3.58%) after
• Deepak Amrutlal Motasha: 27,001 shares (0.07%) before, 4,37,895 shares (1.08%) after

What investors may note

The shares were issued to the shareholders of the merging company in exchange for their RSDPL shares, at the face value of Rs. 10/- each, rather than through a cash subscription. The allotment adds to the number of the company's equity shares in issue and increases the shareholding of the Promoter and Promoter Group members named in the disclosure.

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