NCLT approves merger of wholly owned unit DVS Industries with MM Forgings
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NCLT Chennai has approved the scheme of amalgamation of DVS Industries Pvt Ltd, the wholly owned subsidiary of MM Forgings Ltd, with the holding company MM Forgings. Order pronounced on 19 June 2026 and uploaded on 29 June 2026. Since DVS is wholly owned, no new shares will be issued; the transferor share capital stands cancelled. DVS will be dissolved without winding up. Scheme becomes effective once certified copies are filed with the Registrar of Companies. Appointed date is 1 April 2024. Aim is operational synergies, lower costs, and simpler group structure. Authorized share capital of MM Forgings will rise to about Rs. 53.5 crore. No public shareholders or creditors are adversely affected.
Internal group restructuring with no share dilution or open offer; DVS unit to merge into MM Forgings once filings with RoC are completed.