
Corporate Action13 Oct 2026, 04:05 pm
Kedia Construction Allots 83.6 Lakh Equity Shares Post NCLT Order
AI Summary
Kedia Construction Company Ltd announced the allotment of 83,60,000 equity shares of INR 1 each to the members of the Transferor Company, following an order from the National Company Law Tribunal (NCLT) dated April 06, 2026. The Record Date for this allotment was September 18, 2026. Additionally, 2,98,000 equity shares held by Kirti Investments Limited due to cross-holding were cancelled as per the Scheme. The newly allotted shares will rank pari passu with existing equity shares. This allotment significantly increases the company's issued, subscribed, and paid-up capital from 30,00,000 shares to 1,10,62,000 shares.
Key Highlights
- Allotment of 83.6 Lakh equity shares approved.
- Allotment follows NCLT order and a September 18, 2026 record date.
- 2.98 Lakh equity shares held by Kirti Investments cancelled.
- New shares rank pari passu with existing equity.
- Total equity shares increase to 1.10 Crore.
Price Impact
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