Kirloskar Industries Limited has informed the Exchange regarding 'Update of Kirloskar Ferrous Industries Limited (KFIL), a listed material subsidiary of the Company'.
KIRLOSIND · price
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Kirloskar Industries, the parent company, has informed the exchange about an update from its listed material subsidiary Kirloskar Ferrous Industries Limited (KFIL). KFIL has published a legal notice regarding a Scheme of Arrangement and Merger by Absorption involving two transferor companies - Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited - merging into KFIL. The National Company Law Tribunal (NCLT), Mumbai Bench admitted the joint company scheme petition on April 9, 2026, and has fixed the final hearing for May 15, 2026. Objections from interested parties must be submitted by May 8, 2026. The notice was published in Financial Express (English) and Loksatta (Marathi) newspapers on April 20, 2026.
This filing signals an upcoming consolidation where KFIL will absorb two group companies, potentially expanding its business operations and asset base. The transaction requires NCLT approval and will affect KFIL shareholders upon completion.