Intimation under Regulation 30 SEBI (LODR) Regulations, 2015
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The board of Smiths & Founders (India) Ltd, at its meeting on June 10, 2026, approved an initial proposal to explore the merger of SKF Elixer India Private Limited into the listed company. The move is at a preliminary stage and is subject to completion of due diligence, valuation, finalization of the Scheme of Merger, and approvals from shareholders, creditors, stock exchanges, regulators, and the National Company Law Tribunal (NCLT). The board also authorised the appointment of intermediaries such as valuers, merchant bankers, legal advisors, and chartered accountants to assist with the process, and delegated execution authority to the Managing Director. No swap ratio, valuation figures, or timeline have been disclosed at this stage.
This is only an in-principle approval to explore a merger — no financials, swap ratio, or definitive scheme have been shared yet, so any near-term stock impact is likely limited. Shareholders should watch for the formal Scheme of Merger and valuation report, which will determine whether the deal is value-accretive or dilutive.