
Merger3 Jun 2026, 07:51 pm
NCLT Approves KFIL Merger with Oliver Engineering & Adicca Energy
AI Summary
Kirloskar Industries Ltd announced that its listed material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for the Scheme of Amalgamation. The scheme involves the merger of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with KFIL. The NCLT pronounced its order approving the scheme on June 2, 2026. This development signifies a significant corporate restructuring for KFIL, aiming to consolidate operations and potentially enhance synergies between the entities.
Key Highlights
- NCLT approves the merger of Oliver Engineering and Adicca Energy with KFIL.
- The scheme of amalgamation was approved by the NCLT on June 2, 2026.
- KFIL is a listed material subsidiary of Kirloskar Industries Ltd.
- This is a significant corporate restructuring for KFIL.