Ramkrishna Forgings Limited has informed the Exchange regarding 'Cessation Of Subsidiaries pursuant to a Scheme Of Amalgamation approved By Hon'Ble National Company Law Tribunal, Kolkata Bench.
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Ramkrishna Forgings has informed that its Scheme of Amalgamation has become effective from March 25, 2026. Under the scheme, two wholly-owned subsidiaries — Mal Metalliks Private Limited (step-down subsidiary) and Multitech Auto Private Limited — have been merged into Ramkrishna Casting Solutions Limited (formerly JMT Auto Limited), another wholly-owned subsidiary. The NCLT Kolkata Bench had approved the scheme on February 27, 2026, and the certified copy of the order was filed with the Registrar of Companies on March 25, 2026. As a result, both transferor companies stand dissolved without winding up and have ceased to be subsidiaries of Ramkrishna Forgings. The appointed date for the amalgamation is January 1, 2024.
Since this is an internal restructuring entirely among wholly-owned subsidiaries, there is no direct financial impact on shareholders or the stock price — it is a consolidation move to streamline the group structure.