Pursuant to Order date June 09, 2025 in the Company Scheme Application and in compliance with applicable provision of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015, each ....
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Kedia Construction Company Limited held an NCLT-convened meeting of equity shareholders on July 28, 2025, via video conferencing, to approve the Scheme of Amalgamation of Kirti Investments Limited (KIL, the Transferor Company) into Kedia Construction Company Limited (KCCL, the Transferee Company) under Sections 66 and 230-232 of the Companies Act, 2013. The resolution was passed with the requisite majority, with all 18,64,800 votes polled (representing 62.16% of outstanding shares) cast in favor and zero votes against. Of the 105 total shareholders on the cut-off date, 9 attended via VC and voted through remote e-voting; no public shareholders (holding 11,35,200 shares) cast votes. The meeting was directed by the NCLT Mumbai Bench via its order dated June 09, 2025 in Company Scheme Application No. CA(CAA)/64/MB-IV/2025. The scrutinizer, Ms. Kala Agarwal, confirmed the resolution was duly passed.
Shareholder approval is a key milestone toward completing the amalgamation of Kirti Investments Limited into KCCL, though final NCLT sanction and other regulatory clearances are still required before the scheme becomes effective. For shareholders, the share-swap ratio and effective date remain pending NCLT approval, so no immediate change in share price is expected from this announcement alone.