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BSEKedia Construction Company LtdHighNeutral
Announced Tue, 13 Oct, 2026 · 16:04 IST

Allotment of 83.6 lakh shares under NCLT-approved amalgamation with Kirti Investments

Scheme filed with the NCLTStrategic Transactions View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Board approved allotment of 83,60,000 equity shares (face value INR 1) to shareholders of Kirti Investments Limited under the NCLT-approved scheme of amalgamation. Additionally, 2,98,000 cross-holding shares were cancelled. Post-allotment, paid-up capital rises from 30,00,000 to 1,10,62,000 shares. Record date was September 18, 2026. New shares rank pari passu with existing shares.

Likely market impact

Share count rises from 30 lakh to about 1.11 crore due to amalgamation, leading to dilution. New shares rank pari passu with existing equity.