Ramkrishna Forgings Limited has informed the Exchange about Receipt of Second Motion Petition Order of Hon''ble National Company Law Tribunal, Kolkata in relation to 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 Solution Limited (Formerly JMT Auto Limited), a wholly owned subsidiary of the Company.
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Ramkrishna Forgings Limited has received the Second Motion Petition Order from the NCLT Kolkata regarding a scheme of amalgamation. The scheme involves merging two of its wholly owned subsidiaries — Mal Metalliks Private Limited (a step-down subsidiary) and Multitech Auto Private Limited — into Ramkrishna Casting Solution Limited (formerly JMT Auto Limited), which is also a wholly owned subsidiary. This is an internal group restructuring aimed at consolidating subsidiaries under a single entity. The Second Motion Petition Order is a key step toward completing the amalgamation process.
This is an internal consolidation move and does not change the ultimate ownership of the merged businesses. Shareholders may see a cleaner group structure once the amalgamation is completed, but no immediate material impact on the stock price is expected.