Update in respect of the Scheme of Arrangement and Merger by Absorption of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with Kirloskar Ferrous Industries Limited
KIRLFER · price
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Awaiting price reaction for this filing.
Kirloskar Ferrous Industries Limited has filed a Company Petition before the NCLT Mumbai for merging two wholly-owned subsidiaries, Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited, into KFIL. After the hearing on 9 April 2026, the NCLT passed an order on 16 April 2026 directing issuance of notices to statutory authorities including SEBI, RBI, and Registrar of Companies. The petition has been admitted and fixed for final hearing and disposal on 15 May 2026. The company must publish notice of hearing in two newspapers and serve notices to all regulatory authorities as per the Companies Act provisions.
This is an intra-group merger of wholly-owned subsidiaries into KFIL, which should have minimal direct impact on shareholders as KFIL already owns 100% of both subsidiaries. The next key date is the NCLT hearing on 15 May 2026.