Smiths & Founders Executes Merger Agreement with SKF Elixer India

Smiths & Founders (India) Limited has executed a Merger Agreement for the proposed merger of SKF Elixer India Private Limited with itself. The filing details the entities involved, their paid-up capital, and turnover. Smiths & Founders (India) Limited has a paid-up capital of Rs. 10,19,96,525 and a turnover of Rs. 13.98 Crores, while SKF Elixer India Private Limited has a paid-up capital of Rs. 15,45,41,666 and a turnover of Rs. 235.45 Crores. Both entities operate in the Engineering and Capital Goods sector. The rationale for the merger is stated as growth and diversification. The transaction is not a related party transaction and does not involve cash consideration or a change in shareholding pattern.