Companies Decides on Merger of KD Green Industries Limited and KD Iron & Steel Private Limited
The Board of Directors of a listed entity has decided to merge KD Green Industries Limited and KD Iron & Steel Private Limited, two companies sharing common promoters. The decision was made following the board meeting held on June 9, 2026.The proposed merger aims to expand the business activities of the merged company. Both entities are involved in the manufacturing sector. KD Green Industries Limited focuses on the manufacturing of Iron & Steel and AAC Blocks, while KD Iron & Steel Private Limited specializes in the manufacturing of Iron & Steel.
Details concerning both companies forming part of the transaction have been provided:
| Company Name | Turnover (FY ending 31.03.2026) | Share Capital | Business Area |
|---|---|---|---|
| KD Green Industries Limited | ₹22,83,24,597/- | ₹10,15,10,500/- | Manufacturing of Iron & Steel; AAC Blocks |
| KD Iron & Steel Private Limited | ₹3,15,94,24,019/- | ₹9,65,42,760/- | Manufacturing of Iron &Steel |
Regarding the transaction structure, it has been determined that the merger constitutes a Related Party Transaction. Although this remains an aspect under review, both parties confirmed that the transaction will be conducted at arm’s length.
The modalities of the proposed merger, including valuation and swap ratio, are yet to be finalized. These details are contingent upon due diligence and consultation with professionals, along with subsequent regulatory approvals. The details concerning cash consideration or share exchange ratio are also pending a final decision.
Stock Price Movement
Manbro Industries Ltd settled at ₹67.90 at the close of trade today, ticking up 8.24% on Tuesday. The shares saw intraday volatility as they ranged between a low of ₹61.00 and a high of ₹68.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.