Rudra Ecovation Limited has officially merged into Shiva Texfabs Limited as of October 23, 2026. Under the NCLT-approved scheme, Shiva Texfabs will be renamed Rudra Ecovation Limited, and shareholders will receive 0.213 shares of the transferee company for every 1 share held in the transferor entity.
Rudra Ecovation and Shiva Texfabs Merger Becomes Effective
Effective Date: October 23, 2026 | Share Exchange Ratio: 0.213:1
Reader Takeaway: Shareholders get 0.213 new shares for every old share held; Shiva Texfabs adopts the Rudra Ecovation identity.
What just happened
The Scheme of Amalgamation between Rudra Ecovation Limited (Transferor) and Shiva Texfabs Limited (Transferee) has officially taken effect following the filing of the NCLT Chandigarh order with the Registrar of Companies. Rudra Ecovation Limited now stands dissolved without the requirement of a formal winding-up process.
Why this matters
This merger triggers a structural change for investors. Shiva Texfabs Limited will undergo a name change to 'Rudra Ecovation Limited'. Shareholders of the former Rudra Ecovation are entitled to a share swap, receiving 0.213 equity shares of Rs 10 each in the transferee company for every 1 share of Rs 1 they previously held.
Shareholder Action Items
- Record Date: The Board will announce a record date to finalize eligible shareholders for the new share allotment.
- Dematerialization: Investors holding physical shares must provide their depository participant (DP) details to the company at least 7 days before the record date to ensure they receive shares in dematerialized form.
- Fractional Shares: Any fractional entitlements will be consolidated by a designated trust, sold in the market, and the proceeds distributed to eligible shareholders.
Trading Status
Trading in the shares of the original Rudra Ecovation Limited will cease following the record date. The newly allotted shares in the transferee company will remain frozen until official listing and trading permissions are granted by the BSE.