NCLT admits KFIL merger scheme; hearing set for May 15, 2026

Kirloskar Industries Ltd (KIL) reported an update from its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). KFIL informed the stock exchange about an NCLT order regarding the Scheme of Arrangement and Merger by Absorption of Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL) with KFIL. The National Company Law Tribunal (NCLT), Mumbai Bench, heard the Company Petition on April 9, 2026, and passed an order uploaded on April 16, 2026. The NCLT directed the issuance of notices to statutory and regulatory authorities, admitted the Company Petition for hearing and final disposal on May 15, 2026, and mandated newspaper publication of the hearing notice. This signifies progress in the merger process involving KFIL and its wholly-owned subsidiaries.