Merger25 Apr 2026, 09:10 pm
Kiran Vyapar: Promoter Group Merger Boosts Shareholding to 54.72%
AI Summary
Kiran Vyapar Ltd. announced that Placid Limited, a Promoter Group Company, has been amalgamated with Maharaja Shree Umaid Mills Limited (MSUM) effective April 25, 2026, as per the Scheme of Amalgamation approved by the National Company Law Tribunal, Kolkata. Consequently, Placid Limited stands dissolved, and its 33.86% equity shareholding in Kiran Vyapar Ltd. has been transferred to Maharaja Shree Umaid Mills Limited. Post-acquisition, MSUM's shareholding in Kiran Vyapar Ltd. increases to 54.72%, making it the Holding Company.
Key Highlights
- Placid Limited merged with Maharaja Shree Umaid Mills Limited (MSUM).
- MSUM's shareholding in Kiran Vyapar Ltd. increases to 54.72%.
- Maharaja Shree Umaid Mills Limited becomes the Holding Company of Kiran Vyapar Ltd.
- The amalgamation was effective from April 25, 2026.