Intimation of Record Date under Regulation 42 of SEBI (Listing Obligations ad Disclosure Requirements) Regulatios, 2015 ("SEBI LODR") for implementation of reduction and issuance of shares ....
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Kedia Construction Company has fixed Monday, June 15, 2026 as the record date for implementing Part II of its NCLT-approved scheme of arrangement. Under the scheme, the face value of equity shares will be reduced from Rs. 5 to Re. 1 per share, bringing paid-up capital down from Rs. 1.5 crore (30 lakh shares) to Rs. 30 lakh, while the number of shares stays the same at 30 lakh. The shareholding pattern remains unchanged. Separately, Part III of the scheme provides for the amalgamation of Kirti Investments Limited (transferor) into Kedia Construction Company, with a swap ratio of 38 new KCCL shares (Re. 1 face value) for every 100 Kirti Investments shares (Rs. 5 face value). The NCLT Mumbai Bench approved the scheme on April 6, 2026.
This is a capital structure adjustment rather than a value-creating event — existing shareholders will hold the same number of shares but at a lower face value, and the market price should mathematically adjust downward in proportion. The reduction has no impact on ownership percentage or company fundamentals. The subsequent merger with Kirti Investments is a related-party consolidation that simplifies compliance but does not materially change KCCL's standalone business.