Ramkrishna Forgings Limited has informed the Exchange regarding 'Order of Hon ble National Company Law Tribunal, Kolkata Bench, approving the Scheme of Amalgamation of Mal Metalliks Private Limited and Multitech Auto Private Limited with Ramkrishna Casting Solutions Limited (Formerly JMT Auto Limited) and their respective shareholders and creditors'.
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The National Company Law Tribunal (NCLT), Kolkata Bench has approved the Scheme of Amalgamation of Mal Metalliks Private Limited (a step-down wholly-owned subsidiary) and Multitech Auto Private Limited (a wholly-owned subsidiary) with Ramkrishna Casting Solutions Limited (formerly JMT Auto Limited, also a wholly-owned subsidiary). The Tribunal heard the petition on January 22, 2026 and pronounced its order on February 27, 2026, with an Appointed Date of January 1, 2024. All three entities are wholly-owned subsidiaries of Ramkrishna Forgings Limited and operate under the same management group in similar business activities. The scheme will become effective once the certified copy of the order is filed with the Registrar of Companies, Kolkata. The amalgamation aims to streamline the group structure, reduce compliance costs, and improve operational and financial efficiency.
This is an internal group restructuring involving wholly-owned subsidiaries, so it is unlikely to materially affect Ramkrishna Forgings' shareholders or stock price. It may lead to modest long-term efficiencies through reduced duplication and better cash management, but no immediate dilution or open offer is triggered since the shares of the merging entities are not listed.