Merger21 May 2026, 05:41 pm
Kirloskar Electric: Merger of Subsidiaries Approved
AI Summary
Kirloskar Electric Company Ltd. received the certified true copy of the order from the National Company Law Tribunal, Bengaluru Bench, on May 21, 2026, approving the merger by absorption of its four wholly-owned subsidiaries: KELBUZZ Trading Private Limited, Luxquisite Parkland Private Limited, SLPKG Estate Holdings Private Limited, and SKG Terra Promenade Private Limited. The merger was filed under Sections 230 & 232 of the Companies Act, 2013.
Key Highlights
- NCLT Bengaluru Bench approved the merger of four Kirloskar Electric subsidiaries.
- The merger involves KELBUZZ Trading, Luxquisite Parkland, SLPKG Estate, and SKG Terra Promenade.
- Order copy received by Kirloskar Electric on May 21, 2026, at 4:25 PM.
- Merger is by absorption (amalgamation) with Kirloskar Electric Company Limited.
Price Impact
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