Kavveri Defence & Wireless Technologies Limited Approves Scheme of Amalgamation with Samoro Telecoms
Kavveri Defence & Wireless Technologies Limited has approved a Scheme of Amalgamation with Samoro Telecoms Private Limited. The move aims to consolidate operations and leverage synergies between the two entities, both operating across the defense, aerospace, and telecommunications sectors.The Board of Directors, during a meeting held on September 06, 2026, approved the amalgamation under the Scheme, which is subject to requisite approvals from shareholders and creditors.
Strategic Rationale and Business Scope
The proposed amalgamation is driven by the complementary nature of both companies' businesses. Kavveri Defence & Wireless Technologies Limited is engaged in the manufacturing of microwave and RF components and related telecommunication products. Samoro Telecoms Private Limited specializes in the manufacture of professional-grade microwave components for the telecommunication, defence, and space industries.The rationale for the integration is to consolidate operations under a single corporate entity. The companies operate in the same specialized sectors, including telecommunication, defence, aerospace, and space technology. The integration is expected to result in significant business and operational synergies by pooling manufacturing capabilities, technical expertise, intellectual property, and customer relationships, leading to improved operational efficiency and enhanced growth opportunities.
Transaction and Financial Overview
The Scheme specifies a clear share exchange ratio for the amalgamation. Under the terms, 453 fully paid-up equity shares of Kavveri Defence & Wireless Technologies Limited, having a face value of Rs. 10 each, will be issued for every 1 fully paid-up equity share of Samoro Telecoms Private Limited, also having a face value of Rs. 10.Financial data for the companies as at March 31, 2026, is detailed below:
| Entity | Metric | Value (Lakhs ₹) |
|---|---|---|
| Kavveri Defence & Wireless Technologies Limited (Consolidated) | Total Assets | 12,655.06 |
| Net Worth | 11,172.38 | |
| Turnover | 1,127.06 | |
| Kavveri Defence & Wireless Technologies Limited (Standalone) | Total Assets | 14,117.68 |
| Net Worth | 12,711.22 | |
| Turnover | 719.87 | |
| Samoro Telecoms Private Limited | Total Assets | 2,932.51 |
| Net Worth | (39.63) | |
| Turnover | 469.75 |
Shareholding Pattern Changes
The amalgamation will result in a change in the shareholding pattern of the Transferee Company. Prior to the Scheme, the promoters held 24.56% of the equity, while the public held 75.44%.The post-amalgamation shareholding structure of the Transferee Company, which now encompasses both entities, is as follows:
| Stakeholder Group | Pre-Scheme Equity Shares | Pre-Scheme Percentage | Post-Scheme Equity Shares | Post-Scheme Percentage |
|---|---|---|---|---|
| Promoters | 14,765,931 | 24.56% | 37,415,931 | 45.20% |
| Public | 45,358,329 | 75.44% | 45,358,329 | 54.80% |
| Total | 60,124,260 | 100.00% | 82,774,260 | 100.00% |
The Scheme does not provide any special benefit or concession to the promoter(s) or the promoter group, other than the advantages arising from their respective shareholding in the companies.
KAVDEFENCE Stock Price Movement
Kavveri Defence & Wireless Technologies Limited shares are edging higher to ₹69.9 as of 9:36 AM today, buoyed by a 4.11% gain. The stock is currently trading against a day low of ₹69.31, with a volume of 50,658 shares traded.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.
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