BSEKedia Construction Company LtdHighNeutral
Announced Tue, 13 Oct, 2026 · 16:18 IST
Allotment of 83.6 lakh shares under Kirti Investments amalgamation
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved allotment of 83,60,000 equity shares of INR 1 each to members of Kirti Investments Limited under an NCLT-approved amalgamation scheme. Additionally, 2,98,000 shares arising from cross-holding stand cancelled. Paid-up equity capital rises from 30,00,000 to 1,10,62,000 shares. NCLT Mumbai approved the scheme on April 6, 2026, with record date September 18, 2026.
Likely market impact
Share base expands from 30 lakh to 1.1 crore shares. Existing holders face dilution as Kirti Investments members become new shareholders of the company.