Outcome of the Extra Ordinary General Meeting of the Company to approve the scheme of Amalgamation and Arrangement between Kirti Investments Ltd and Kedia Construction company Limited and ....
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Kedia Construction Company Ltd held an NCLT-convened meeting of equity shareholders on November 18, 2025, via video conferencing, to approve a Scheme of Amalgamation and Arrangement between Kirti Investments Ltd (Transferor Company) and Kedia Construction Company Ltd (Transferee Company) under Sections 230-232 of the Companies Act, 2013. The scheme was approved with 100% of votes cast in favor — 19,29,700 shares out of 19,29,700 valid votes, representing 64.32% of total outstanding shares of 30,00,000. Promoter and promoter group (holding 18,64,800 shares) and public shareholders (64,900 shares out of 11,35,200 held) both voted unanimously in favor. The meeting was directed by NCLT Mumbai Bench under its order dated September 23, 2025, and required approvals from shareholders, NCLT, and other regulators before the scheme can take effect.
Shareholders have cleared the proposed amalgamation of Kirti Investments Ltd into KCCL, but the scheme still requires NCLT sanction and other regulatory approvals before it becomes effective. Since Kirti Investments appears to be a promoter-group entity, this is largely an internal restructuring and the public shareholding pattern of KCCL is unlikely to change materially, though final share-swap terms and effective date are still pending.