Revised record date for capital reduction and amalgamation scheme
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Kedia Construction sets revised record date as 29 June 2026 for capital reduction under its NCLT-approved scheme. Face value drops from INR 5 to INR 1 per share, cutting paid-up capital from Rs 1.5 crore to Rs 30 lakh. Existing 30 lakh shares will be cancelled and replaced with new Re 1 shares. Part II of the scheme also merges Kirti Investments into Kedia Construction at a swap ratio of 38 for every 100. NCLT approved the scheme on 6 April 2026. Shareholding pattern remains unchanged.
Existing shares will be cancelled and replaced with new Re 1 shares. Total investment value and shareholding pattern stay the same. No cash impact.