Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Press Release dated 9th June, 2026, ....
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KD Green Industries Ltd (BSE Scrip Code: 512595), formerly known as Manbro Industries, announced that its Board has approved in-principle a proposed merger with KD Iron & Steel Pvt Ltd, subject to due diligence and regulatory approvals. KD Iron & Steel is the flagship entity of the KD Group and a leading branded steel maker in North-East India under the XTECH brand, currently operating a 90,000 MT furnace and 99,000 MT rolling capacity. Post-merger expansion plans aim to scale furnace capacity to 1,80,000 MT and rolling capacity to 2,00,000 MT, backed by a ₹325 Crore project outlay that includes a 25 MW captive solar power plant. The Government of Assam has approved incentives of approximately ₹600 Crore over the next 15 years, and the combined entity is currently debt-free with growth funded through internal accruals. The merger's strategic focus is on green steel manufacturing, AAC blocks, and infrastructure steel products for power, railways, and telecom.
If completed, the merger could create a significantly larger and more diversified industrial conglomerate with doubled manufacturing capacity, strong government incentive support, and renewable energy integration, potentially boosting long-term revenues, margins, and shareholder value. However, the deal remains subject to due diligence and statutory clearances, so near-term stock reaction may depend on progress of approvals.