12-Jun-2026 19:06:10
KIRLFERAcquisition and merger
π KIRLOSKAR FERROUS COMPLETES MERGER OF TWO WHOLLY-OWNED SUBSIDIARIES
β’ π Merger of Oliver Engineering Pvt Ltd and Adicca Energy Solutions Pvt Ltd with Kirloskar Ferrous Industries (KFIL) has become effective β’ βοΈ NCLT Mumbai order filed with Registrar of Companies on 11 June 2026 β’ π Scheme is operative from 1 April 2025 (Appointed Date) β’ π’ Both transferor companies stand merged into KFIL and dissolved without winding up β’ π No new shares to be issued as both entities were wholly-owned subsidiaries; issued capital of transferor companies stands cancelled π’ Impact: Positive (Simplifies corporate structure, improves operational efficiency and reduces compliance costs)
KIRLOSKAR FERROUS IND LTD