Joint Venture18 Mar 2026, 10:13 pm
Kirloskar Ferrous Industries Limited Announces Merger of Wholly Owned Subsidiaries
AI Summary
Kirloskar Ferrous Industries Limited (KFIL), a listed material subsidiary of Kirloskar Industries Ltd, has announced a merger with its wholly owned subsidiaries, Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL). The National Company Law Tribunal (NCLT) has passed an order on 17 March 2026, directing certain dispensations and procedures for the merger. The merger is expected to streamline operations and improve efficiency.
Key Highlights
- Kirloskar Ferrous Industries Limited (KFIL) to merge with its wholly owned subsidiaries, Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL)
- The merger is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The National Company Law Tribunal (NCLT) has passed an order on 17 March 2026, directing certain dispensations and procedures for the merger
- The merger is expected to streamline operations and improve efficiency
- No consideration is required to be discharged by Kirloskar Ferrous Industries Limited (KFIL) pursuant to the merger