The Board of Directors meeting to be held on 22.05.2026 will also consider the following matter: The merger of Avisa Private Limited and Banil Castings Private Limited with National ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
National Fittings Limited has announced that its Board meeting on 22.05.2026 will consider the merger and amalgamation of two private companies - Avisa Private Limited and Banil Castings Private Limited - with the listed company. The merger will be conducted under Section 230 to 232 of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. This is a reverse merger where the private entities will be absorbed into the listed entity. The trading window for directors and key personnel has been closed until May 26, 2026, indicating insider information exists about the deal.
Positive for shareholders as the merger could expand National Fittings' operations by consolidating the two private companies into the listed entity, potentially increasing scale and revenue. However, no swap ratio or valuation details have been disclosed yet.