Manbro Industries to Merge KD Green and KD Iron & Steel

Manbro Industries Ltd announced its Board of Directors has approved the merger of KD Green Industries Limited and KD Iron & Steel Private Limited, both entities with common promoters. The rationale for the merger is to expand business activities. The transaction is classified as a related party transaction and will be conducted at arm's length, though final modalities including valuation and swap ratio are yet to be determined pending due diligence and regulatory approvals. KD Green Industries reported a turnover of ₹22.83 Cr and share capital of ₹10.15 Cr for FY26, while KD Iron & Steel reported a turnover of ₹315.94 Cr and share capital of ₹9.65 Cr for the same period. Both entities are involved in the manufacturing of Iron & Steel, with KD Green also in AAC Blocks.