StockWatch
·
Residential- Commercial Projects
Merger18 Jul 2026, 04:30 pm

Kedia Constructions: Board Approves Scheme of Arrangement and Share Face Value Reduction

AI Summary

Kedia Constructions Company Limited's Board of Directors met on July 18, 2026, and approved key corporate actions. The board took note of the Scheme of Arrangement and Amalgamation between Kirti Investments Limited and Kedia Constructions Company Limited becoming effective. Consequently, the face value of equity shares was reduced from ₹5 to ₹1. The board authorized necessary filings and corporate actions to implement the scheme, including allotting reduced face value shares. Additionally, the resignation of Ms. Pooja Chaubey as Compliance Officer was noted, and Mr. Abhishek D. Rai was appointed as the new Company Secretary and Compliance Officer.

Key Highlights

  • Scheme of Arrangement and Amalgamation with Kirti Investments effective.
  • Equity share face value reduced from ₹5 to ₹1.
  • Board authorized filings for scheme implementation.
  • New Company Secretary and Compliance Officer appointed.
  • Resignation of former Compliance Officer noted.