Merger25 Apr 2026, 09:11 pm
Kiran Vyapar: Placid Ltd Merger Effective; Gets Maharaja Shree Umaid Shares
AI Summary
Kiran Vyapar Ltd reports that its associate company, Placid Limited, has been merged with Maharaja Shree Umaid Mills Limited following NCLT approval. The scheme became effective on April 25, 2026, after filing with the Registrar of Companies. As a result, Placid Limited is dissolved and ceases to be an associate of Kiran Vyapar. Kiran Vyapar will receive equity shares of Maharaja Shree Umaid Mills at a rate of 515 shares for every 1 share held in Placid Limited.
Key Highlights
- Placid Limited merged with Maharaja Shree Umaid Mills, effective April 25, 2026.
- Kiran Vyapar will receive Maharaja Shree Umaid Mills shares in exchange for its Placid Limited holdings.
- Placid Limited ceases to be an associate of Kiran Vyapar.
- As of March 31, 2025, Placid Limited contributed ₹53.88 crores (26.26%) to turnover and ₹459.77 crores (20.97%) to net worth.