Kiran Syntex & Gujarat Kiran Polytex Approve Merger Scheme

Kiran Syntex Limited's Board of Directors has approved a scheme of merger with Gujarat Kiran Polytex Limited. The merger, where Kiran Syntex Limited will be the transferee company and Gujarat Kiran Polytex Limited the transferor company, is subject to regulatory approvals. The rationale behind the merger is to achieve business efficiency and economies of scale. Post-merger, shareholders of Gujarat Kiran Polytex Limited will receive 14.857 shares of Kiran Syntex Limited for every one share held. The combined entity's revenue for FY26 was approximately ₹44.52 crore, with a net worth of approximately ₹7.62 crore.