The Board of Directors have approved a Scheme of Merger by Absorption of KEC Spur Infrastructure Private Limited, a wholly owned subsidiary, with the Company, subject to requisite approvals.
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KEC International's Board has approved a merger by absorption where its wholly owned subsidiary KEC Spur Infrastructure Private Limited will be merged into the parent company. KEC Spur, incorporated in 2016, is engaged in design, supply, installation and consultancy for pipe laying in Oil & Gas, Water, Power and Irrigation sectors. As of March 31, 2026, KEC Spur had a turnover of INR 202.51 crore and net worth of INR 119.88 crore, compared to KEC International's turnover of INR 19,046.58 crore and net worth of INR 5,505.96 crore. Since KEC Spur is a wholly owned subsidiary, there is no cash consideration involved and share exchange ratio is not applicable. The scheme is subject to approval from the National Company Law Tribunal (NCLT), Mumbai. There will be no change in KEC International's shareholding pattern following the merger.
This is an internal restructuring that should be neutral for KEC International shareholders as the subsidiary is already 100% owned. The merger aims to create operational efficiencies by consolidating the subsidiary's pipe infrastructure business into the parent company.