Amalgamation scheme effective; 0.213 share swap for every 1 share held
Amalgamation of Rudra Ecovation Ltd into Shiva Texfabs Ltd is effective from 23rd October, 2026.
By ScoutQuest · · 3 min read
- Share Swap Ratio
- 0.213 equity shares of ₹10 each in Shiva Texfabs for every 1 equity share of ₹1 each held
- Scheme Effective Date
- 23rd October, 2026
- Record Date
- To be fixed; Rudra Ecovation shares stop trading after it
The National Company Law Tribunal, Chandigarh Bench-I, Chandigarh approved the Scheme of Amalgamation of Rudra Ecovation Limited (Transferor Company) with Shiva Texfabs Limited (Transferee Company) by its order dated 16th September, 2026. The Scheme has become effective from 23rd October, 2026, being the date the formal order was shared with the Registrar of Companies.
What changes for the two companies
- Rudra Ecovation Limited stands dissolved without the process of winding up.
- All the assets and liabilities of Rudra Ecovation transfer to and vest in Shiva Texfabs Limited.
- The name of Shiva Texfabs Limited will be replaced with the name of the Transferor Company, so the Transferee Company will be renamed Rudra Ecovation Limited.
- The post-merger equity share capital of Shiva Texfabs Limited will be listed on BSE Limited, where the shares of Rudra Ecovation were listed.
Share exchange ratio
- For every 1 (one) equity share of ₹1 each held in Rudra Ecovation, an eligible shareholder will get 0.213 (zero point two one three) equity share of ₹10 each of Shiva Texfabs, credited as fully paid-up.
- The Scheme's own example: 1000 equity shares of ₹1 each in Rudra Ecovation become 213 equity shares of ₹10 each in Shiva Texfabs.
- The appointed date for the Scheme is 1st April, 2025.
What a shareholder has to keep in mind
- The Board of Shiva Texfabs will fix a record date to decide who is eligible for the new shares.
- Shares of Rudra Ecovation will not be tradable after the record date.
- New shares will be issued in dematerialised form and credited to the existing depository account of the shareholder.
- A shareholder holding Rudra Ecovation shares in physical form will receive new shares only in demat form, and must give depository account details in writing to the company at least 7 (seven) days before the record date. If that intimation does not come in time, the entitlement is kept in abeyance or in an escrow or suspense account or with a trustee nominated by the Board, and is credited later when the details are received.
Fractional entitlements
- Where the ratio produces a fraction, the fractions will be aggregated and held by a trust nominated by the Board, which will sell those shares in the market at such price within 90 days from the date of allotment.
- The company will submit a report from its Audit Committee and Independent Directors to the designated stock exchange certifying that eligible shareholders were compensated, within seven days of such compensation.
Sequence of events to follow
- Announcement of the record date by the Board.
- Cancellation of the old shareholding and allotment of new Shiva Texfabs shares as per the ratio.
- Listing and trading permission from BSE. Shares allotted under the Scheme will remain frozen until that permission comes through.
In simple terms, the company a Rudra Ecovation shareholder owns is changing: the holding moves into Shiva Texfabs, which will itself carry the Rudra Ecovation name, at 0.213 shares of ₹10 each for every 1 share of ₹1 each. The record date, the credit of shares to the demat account and the BSE listing permission are the three steps that complete the process for a retail holder.
Also from Rudra Ecovation
Cross-holdings cancelled as amalgamation scheme becomes effective from 23rd October 2026
24 Oct 2026
Record date fixed at 6 November 2026 for allotment of shares under amalgamation
23 Oct 2026
Board approves unaudited standalone Q2 FY27 results; auditor's review unmodified with two emphasis of matter
12 Oct 2026
More numbers
- Share exchange ratio (Shiva Texfabs shares per Rudra Ecovation share)0.213
- Face value of Shiva Texfabs equity share₹10
- Face value of Rudra Ecovation equity share₹1
- Pre-merger example holding in Rudra Ecovation1000
- Post-merger shares in Shiva Texfabs (example)213
- Period to sell aggregated fractional entitlements90 days
- Intimation period before record date for physical holders7 (seven) days
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