Kisan Mouldings board approves amalgamation with Apollo Pipes
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Kisan Mouldings board approved a two-step amalgamation scheme on June 26, 2026. First, wholly owned subsidiary KML Tradelinks merges into KML. Second, KML merges into Apollo Pipes Limited (APL), which currently holds 70.56 percent in KML. Share exchange ratio fixed at 4.96 APL shares for every 100 KML shares held. Appointed date April 1, 2026. KML turnover 250 Cr versus APL turnover 887 Cr. Subject to NCLT, SEBI, BSE and NSE approvals. Fairness opinion given by merchant banker Corporate Professionals Capital.
KML shareholders get 4.96 APL shares per 100 KML shares held. KML will cease as a separate listed entity and shares will be delisted after NCLT and other approvals.