Ramkrishna Forgings Limited has informed the Exchange regarding 'Hon''ble NCLT, Kolkata Bench Order dated 27 March, 2025 w.r.t approval of Scheme of Amalgamation of ACIL Limited, Wholly-owned Subsidiary with the Company has been filed with Registrar of Companies and accordingly ACIL Limited ceases to be a Wholly-owned Subsidiary of the Company.'.
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Ramkrishna Forgings has informed the exchanges that the NCLT Kolkata Bench order dated 27 March 2025, approving the amalgamation of its wholly-owned subsidiary ACIL Limited into itself, has been filed with the Registrar of Companies on 9 May 2025. Following this filing, ACIL Limited has ceased to be a wholly-owned subsidiary and will merge into Ramkrishna Forgings. The merger was carried out under Sections 230-232 of the Companies Act, 2013. Since ACIL was already a wholly-owned subsidiary, this is an internal restructuring with no change in ultimate ownership or shareholding pattern of the listed entity.
This is a routine internal restructuring that simplifies the group structure and should have no material impact on shareholders — no new shares are issued, no ownership dilution occurs, and consolidated financials remain unchanged. It may bring minor cost savings from reduced compliance and administrative overhead, but is largely a neutral event for the stock.