Merger6 Sept 2026, 03:30 pm
Kavveri Defence Board Approves Scheme of Amalgamation
AI Summary
Kavveri Defence & Wireless Technologies Limited's Board of Directors has approved a Scheme of Amalgamation with Samoro Telecoms Private Limited. The amalgamation is subject to approvals from shareholders, creditors, the National Company Law Tribunal (NCLT), and stock exchanges. The company reported consolidated total assets of ₹12,655.06 Lakhs and a net worth of ₹11,172.38 Lakhs as of March 31, 2026. Samoro Telecoms Private Limited had total assets of ₹2,932.51 Lakhs and a net worth of ₹(39.63) Lakhs as of the same date. The transaction involves related parties due to common promoters, requiring approval from public shareholders.
Key Highlights
- Board approved amalgamation scheme with Samoro Telecoms.
- Scheme requires shareholder, creditor, and NCLT approvals.
- Consolidated assets ₹12,655.06 Lakhs; Standalone assets ₹14,117.68 Lakhs.
- Transaction involves related parties, needs public shareholder nod.
- Amalgamation subject to regulatory and stock exchange sanctions.
Price Impact
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