Approval of amalgamation
KRITI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kriti Industries India Ltd's board has approved a scheme of amalgamation merging its wholly-owned unlisted subsidiary Kriti Auto & Engineering Plastics Private Limited into the listed parent company. The subsidiary has already discontinued its business operations and is not a going concern. The merger is structured as a share-for-share exchange with no cash consideration, as the subsidiary is 100% owned. The stated rationale is consolidation of the group structure, cost savings from eliminating duplication of administrative and compliance costs, and achieving economies of scale. The scheme is subject to approval by the NCLT and other regulatory/statutory clearances. The transferee company (listed entity) had a turnover of Rs 58,736.73 lakh and net worth of Rs 22,071.40 lakh as of March 31, 2026. The transferor company had a turnover of Rs 974.45 lakh.
Minor positive impact expected as the merger simplifies the group structure and reduces compliance costs, with no share dilution since the subsidiary is fully owned. Existing shareholders are unaffected. The listing of the resultant entity is not required as no new shares are issued.