
Merger3 Jun 2026, 05:52 pm
Kirloskar Ferrous gets NCLT nod for merger with Oliver Engineering, Adicca Energy
AI Summary
Kirloskar Ferrous Industries Limited (KFIL) has received approval from the National Company Law Tribunal (NCLT), Mumbai, for the Scheme of Arrangement and Merger by Absorption of Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL) with KFIL. The NCLT pronounced its order on June 2, 2026, approving the scheme. This merger aims to consolidate operations and potentially create synergies between the entities. The appointed date for the scheme is April 1, 2025. The filing also noted a minor correction in the post-merger authorized share capital of KFIL.
Key Highlights
- NCLT approves merger of Oliver Engineering and Adicca Energy with Kirloskar Ferrous Industries.
- Merger effective from the appointed date of April 1, 2025.
- Scheme of Arrangement and Merger by Absorption finalized.
- Minor correction made to post-merger authorized share capital.
Price Impact
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