Smiths & Founders to Explore Merger with SKF Elixer India

Smiths & Founders (India) Ltd announced that its Board of Directors has approved exploring a potential merger with SKF Elixer India Private Limited. This strategic move is subject to due diligence, valuation, finalization of the merger scheme, and obtaining necessary approvals from shareholders, creditors, stock exchanges, regulatory authorities, and the National Company Law Tribunal. The Board has also authorized the appointment of intermediaries, including legal advisors and valuers, to facilitate the process, with the Managing Director empowered to finalize engagement terms.