RERudra Ecovation514010Scheme implementation

Record date fixed at 6 November 2026 for allotment of shares under amalgamation

Record date: Friday, 6 November 2026.

By ScoutQuest · Fri 23 Oct 2026, 5:57 PM IST · 2 min read

Record date

Friday, 6 November 2026

Exchange ratio

For every 1 equity share of ₹1 each held in Rudra Ecovation, 0.213 equity shares of ₹10 each of Shiva Texfabs will be issued

Scheme effective date

Scheme effective 23 October 2026; appointed date 1 April 2025

What the update says

The Board of Shiva Texfabs Limited has fixed Friday, 6th November, 2026 as the record date to determine which shareholders of Rudra Ecovation Limited are eligible to receive equity shares of Shiva Texfabs under the Scheme of Amalgamation of Rudra Ecovation Limited with Shiva Texfabs Limited.

Approval and effective date

• The Hon'ble National Company Law Tribunal, Chandigarh Bench-I, Chandigarh, approved the scheme by order dated 16th September, 2026.
• Appointed Date: 01st April, 2025.
• Effective Date: 23rd October, 2026, being the date of update of the formal order with the Registrar of Companies.

What shareholders receive

• The exchange ratio is 0.213:1 — 0.213 (zero point two one three) equity shares of ₹10 each, credited as fully paid-up, in Shiva Texfabs for every 1 (one) equity share of ₹1 each held in Rudra Ecovation.
• Worked example given in the update: a holder of 1000 equity shares of ₹1 each in Rudra Ecovation would receive 213 equity shares of ₹10 each in Shiva Texfabs; the old holding is deemed cancelled.

How the shares are issued

• New shares will be issued in dematerialised form and credited to the existing depository account of the eligible shareholder.
• A shareholder holding shares in physical form must intimate the depository participant account details in writing to the transferee company at least 7 (seven) days before the record date. Where such intimation is not received, the shares will be kept in an abeyance/escrow/suspense account or with a trustee nominated by the Board for the benefit of that shareholder, and credited later when the account details are received.

Fractional entitlements

• Any fractional entitlement will be aggregated and held by a trust nominated by the Board of the transferee company, which will sell such shares in the market within a period of 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 have been compensated, within seven days of compensating them.

Trading and freeze

• Shares of Rudra Ecovation Limited will not be tradable after the record date.
• Shares to be allotted under the scheme will remain frozen till listing and trading permission is given by BSE Limited for the transferee company.

Change of name

• On the scheme coming into effect, the name of Shiva Texfabs Limited will be changed to 'Rudra Ecovation Limited'; the company will comply with applicable provisions of the Companies Act, 2013 and update the stock exchange in due course.

What it means for a retail holder

• The record date decides whether a person appears on the register or depository records as a Rudra Ecovation shareholder and therefore qualifies for the new shares.
• The number of new shares depends on the holding on that date and the 0.213:1 ratio, with any fraction settled through the trust route described above.

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