Intimation under regulation 30 of SEBI (LODR) Regulations, 2015.
RUCHINFRA · price
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Ruchi Infrastructure Ltd's Board has approved a draft Composite Scheme of Amalgamation under Section 230-232 of the Companies Act, 2013. Two wholly-owned investment subsidiaries - Lennox Investment Pvt. Ltd. (paid-up capital Rs.5.66 crore) and Multiacre Investment Services Pvt. Ltd. (paid-up capital Rs.2.08 crore) - will be merged into Ruchi Infrastructure. The company is an infrastructure operator engaged in storage of liquid commodities, agri warehousing, and wind power generation with consolidated turnover of Rs.61.18 crore. Shareholders of Lennox will receive 5,582 Ruchi shares (Re.1 each) per equity share, while Multiacre shareholders will receive 6,423 Ruchi shares per equity share. Approximately 131.3 crore new equity shares will be issued, increasing paid-up capital from Rs.23.60 crore to Rs.36.73 crore. The application to Stock Exchanges for observation letter is pending.
The amalgamation will improve Ruchi Infrastructure's capital structure and debt-equity ratios by consolidating investment entities. Promoter holding will dilute to approximately 34.5% post-merger, while public shareholding increases. The company may see improved operational efficiency and reduced compliance costs.