Merger15 May 2026, 05:11 pm
Kirloskar Electric: Merger of Subsidiaries Sanctioned by NCLT
AI Summary
The National Company Law Tribunal (NCLT) Bengaluru Bench has sanctioned the merger by absorption (amalgamation) of four wholly-owned subsidiary companies with Kirloskar Electric Company Limited (KECL). The merger, effective from April 1, 2024, involves KELBUZZ Trading Private Limited, Luxquisite Parkland Private Limited, SLPKG Estate Holdings Private Limited, and SKG Terra Promenade Private Limited. The order was received by Kirloskar Electric on May 15, 2026, and a copy has been submitted to the stock exchanges.
Key Highlights
- NCLT Bengaluru approved the merger of four subsidiaries with Kirloskar Electric.
- The merger is effective from April 1, 2024.
- Order copy received by Kirloskar Electric on May 15, 2026.
- The company has submitted the order copy to the stock exchanges.
Price Impact
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