What’s new

• Board meeting on May 28 to consider merging Lennox Investment and Multiace Investment into Ruchi Infrastructure.
• The meeting will also approve Q4 and FY26 audited financial results.
• Trading window closed since April 1, stays shut until May 30.

Why it matters

For a company with a ₹149 cr market cap, absorbing two other entities is not routine. It will change the asset base or the corporate structure, or both. The terms are unknown, so it's impossible to gauge the impact on valuation or operations.

What we’re watching

• The swap ratio and terms of the amalgamation scheme.
• What assets or liabilities the two investment firms bring.
• How the stock trades when the window reopens on May 30.

The full read

Ruchi Infrastructure, a ₹149 crore nano-cap, will meet on May 28 to weigh a merger. The scheme would absorb two private investment companies into itself. The board will also sign off on FY26 results. No terms are out yet. For a company this small, absorbing two others is a major structural event. The key unknowns are the swap ratio, the assets involved, and what this does to the balance sheet. The trading window stays shut until May 30, meaning the first chance to trade on the details arrives after the holiday weekend.

Primary source: BSE · NSE