Merger6 Sept 2026, 03:30 pm
Kavveri Defence & Wireless Technologies Approves Amalgamation Scheme
AI Summary
Kavveri Defence & Wireless Technologies Limited announced that its Board of Directors has approved a Scheme of Amalgamation with Samoro Telecoms Private Limited. The scheme is subject to approvals from shareholders, creditors, the National Company Law Tribunal (NCLT), and stock exchanges. The company also provided details on the entities involved, including their financial data as of March 31, 2026. The transaction involves related parties, requiring approval from public shareholders.
Key Highlights
- Board approved amalgamation scheme with Samoro Telecoms Private Limited.
- Scheme requires shareholder, creditor, and NCLT approvals.
- Transaction involves related parties, needing public shareholder consent.
- Details of entities and their financial data as of March 31, 2026, provided.
- Company name changed from Kavveri Telecom Products Limited on Oct 25, 2024.
Price Impact
More from KAVDEFENCE