Please find enclosed certified true copy of the merger order passed by Hon''ble National Company Law Tribunal, Bengaluru Bench.
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Kirloskar Electric Company Ltd has received the certified true copy of the NCLT Bengaluru Bench order dated April 30, 2026, approving the merger by absorption of four wholly owned subsidiaries - KELBUZZ Trading Private Limited, Luxquisite Parkland Private Limited, SLPKG Estate Holdings Private Limited, and SKG Terra Promenade Private Limited - into the holding company. The appointed date for the merger is April 1, 2024. Since these are wholly owned subsidiaries (Kirloskar Electric holds 99.99% stake in each), no new shares will be issued and the existing shares held by the parent company will be cancelled upon the scheme becoming effective. The transferor companies were loss-making entities with no revenue from operations for two years, while the transferee company is profit-making. The NCLT has directed the company to file the certified copy with the Registrar of Companies within 30 days, after which the transferor companies will stand dissolved.
This merger simplifies the corporate structure by eliminating subsidiary layers, which may reduce administrative costs. Shareholders are not diluted as no new shares are issued. However, there is a pending inquiry under Section 206(4) of the Companies Act against the transferee company that will continue independently.