Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today, i.e, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board of KD Green Industries Limited (formerly Manbro Industries Limited, BSE: MANBRO) approved a merger with KD Iron & Steel Private Limited on 9th June 2026. Both firms share common promoters and operate in iron and steel manufacturing, with KD Green also making AAC blocks. KD Green reported a turnover of about ₹22.83 crore for FY ending March 2026, while KD Iron & Steel (unlisted) reported ₹315.94 crore — making the target company over 13 times larger by revenue. The deal is classified as a related party transaction, to be conducted at arm's length. The swap ratio, valuation, and resulting change in shareholding pattern are yet to be decided, pending due diligence and regulatory approvals.
This is an early-stage announcement with no swap ratio or valuation confirmed yet. Since the unlisted target is much larger by turnover, shareholders should watch for the final swap ratio closely — it will determine any dilution or accretion. Expect short-term volatility as further details emerge.