In the matter of the Scheme of Arrangement and Amalgamation between Kirti Investments Limited ("KIL" or "Transferor Company) and Kedia Construction Company Limited ("KCCL" or "Transferee ....
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Kedia Construction Company Limited (KCCL, BSE: 508993) has been directed by the NCLT Mumbai Bench (Order dated September 23, 2025) to convene a meeting of its equity shareholders to consider and approve a Scheme of Arrangement and Amalgamation with Kirti Investments Limited (KIL), where KIL is the transferor and KCCL is the transferee. The shareholder meeting is scheduled for November 18, 2025 at 12:00 PM IST via video conferencing, with remote e-voting from November 15 to November 17, 2025 and a cut-off date of November 11, 2025. Approval requires three-fourths majority in value, plus a separate majority of public shareholders under SEBI's Scheme Master Circular. Both BSE and Metropolitan Stock Exchange (MSE) have already issued no-objection letters on February 4, 2025, and the scheme is supported by a valuation report (June 18, 2024) and fairness opinion from a SEBI-registered merchant banker.
If shareholders approve the scheme, Kirti Investments Limited will merge into KCCL, simplifying the group structure. The ultimate impact on share price and per-share value will depend on the share exchange ratio and the financial contribution of KIL to the merged entity, details of which are contained in the annexures but not disclosed in the headline filing.