Kedia Construction: Merger with Kirti Investments approved

Kedia Construction Company Ltd announced that its board meeting on September 05, 2026, fixed September 18, 2026, as the record date for the scheme of arrangement and amalgamation with Kirti Investments Limited. The National Company Law Tribunal (NCLT) approved the scheme on April 06, 2026. As per the scheme, Kedia Construction will issue 83,60,000 shares to Kirti Investments shareholders in a ratio of 38 shares of Kedia Construction (face value ₹1) for every 100 shares of Kirti Investments (face value ₹5). This merger aims to consolidate business operations and improve efficiencies.