Kirloskar Ferrous Merger Scheme Becomes Operative

Kirloskar Ferrous Industries Limited (KFIL) has announced that its Scheme of Arrangement and Merger by Absorption with its wholly-owned subsidiaries, Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited, has become operative. The merger is effective from April 1, 2025. The Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, approved the scheme, and its certified true copy has been filed with the Registrar of Companies, Pune. As a result, the transferor companies are merged into KFIL and dissolved without winding up. No new shares will be issued as the transferor companies were wholly owned subsidiaries, and their share capital will be cancelled. KFIL's authorized share capital has also been amended to ₹3,89,61,00,000.