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 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kedia Construction Company Limited (KCCL) has informed BSE about a shareholders meeting scheduled for July 28, 2025 at 3:00 PM (IST) via video conferencing, as directed by NCLT Mumbai Bench vide its order dated June 09, 2025. The meeting is to consider and approve the Scheme of Arrangement and Amalgamation between Kirti Investments Limited (Transferor Company) and Kedia Construction Company Limited (Transferee Company) and their respective shareholders and creditors. Both BSE and Metropolitan Stock Exchange have already issued no-objection letters to the scheme on February 4, 2025. The scheme requires approval by three-fourths majority of equity shareholders in value, along with majority of public shareholders voting in favor.
This is a related-party amalgamation where Kirti Investments Limited will merge into Kedia Construction Company Limited — both entities share the same registered office address, suggesting promoter-group consolidation. Shareholders should review the swap ratio and valuation report (Annexure 3) and exercise their voting rights before the cut-off date of July 21, 2025. Approval will streamline the group structure but may have implications on shareholding pattern and net worth.