Board approves amalgamation with Samoro Telecoms, swap ratio 453:1
KAVDEFENCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kavveri Defence board on Sep 6, 2026 approved a Scheme of Amalgamation to absorb Samoro Telecoms Private Limited, which makes professional microwave components for telecom, defence and space. Swap ratio: 453 Kavveri shares for every 1 Samoro share. Kavveri standalone total assets are Rs 14,117.68 lakhs with turnover of Rs 719.87 lakhs; Samoro has total assets of Rs 2,932.51 lakhs and negative net worth. Promoter stake in Kavveri will rise from 24.56% to 45.20%. Common promoters make it a related-party deal needing public shareholder and NCLT approval.
Subject to NCLT and shareholder approvals. Promoter holding jumps to 45.20% from 24.56%, diluting public shareholders. Combines complementary RF businesses.