National Company Law Tribunal Admits Second Motion Petition for Merger Between Rudra Ecovation and Shiva Texfabs
The National Company Law Tribunal (NCLT), Chandigarh Bench-I, has admitted the Second Motion Petition related to the proposed merger between Rudra Ecovation Limited and Shiva Texfabs Limited.The admission of the Second Motion Petition occurred on April 10, 2026.
Rudra Ecovation Limited, formerly known as Himachal Fibres Limited, confirmed the development regarding the proposed merger.
Stock Price Movement
As of 2:44 PM, Rudra Ecovation Ltd is ticking up to ₹23.28, marking a gain of 3.15% for shares. The stock navigated a range today, dipping as low as ₹22.00 but reaching a peak of ₹24.00.Source:
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