StockWatch
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Diversified Commercial Services
Merger29 May 2026, 01:01 am

Ruchi Infrastructure Board Approves Amalgamation Scheme

AI Summary

The Board of Directors of Ruchi Infrastructure Limited, in its meeting on May 28, 2026, approved a Composite Scheme of Amalgamation. The scheme involves the merger of Lennox Investment Pvt. Ltd. and Multiacre Investment Services Pvt. Ltd. with Ruchi Infrastructure Limited. Ruchi Infrastructure, engaged in infrastructure, has a paid-up capital of ₹78.21 crore and a turnover of ₹61.18 crore as of March 31, 2026. The two amalgamating companies are investment firms with a combined paid-up capital of ₹7.74 crore and no turnover. The amalgamation aims to provide diverse strategic options and greater operational flexibility by combining the businesses and balance sheets of the entities. The transaction is not considered a related party transaction.

Key Highlights

  • Ruchi Infrastructure's board approved a Composite Scheme of Amalgamation.
  • Lennox Investment and Multiacre Investment will merge with Ruchi Infrastructure.
  • The amalgamation aims to enhance strategic options and operational flexibility.
  • The amalgamating companies are investment firms with no turnover.