Kedia Construction Co. Ltd.'s Board Ratifies Scheme of Arrangement and Reduces Equity Face Value

Kedia Construction Co. Ltd.'s Board Ratifies Scheme of Arrangement and Reduces Equity Face Value​

Kedia Constructions Company Limited announced key outcomes from its recent Board of Directors meeting, noting the operationalization of a Scheme of Arrangement and Amalgamation and completing a reduction in the face value of its equity shares. The company also updated leadership roles concerning its compliance function.

The Board reviewed and took note of the Scheme of Arrangement and Amalgamation involving Kirti Investments Limited (KIL) and Kedia Constructions Company Limited (KCCL). This scheme became effective following an order pronounced by the Hon'ble National Company Law Tribunal, Mumbai Bench, on April 4, 2026.

In light of the aforementioned amalgamation and NCLT order, the Board noted the reduction in the face value of the company’s equity shares. The reduction pertains to the conversion from Rs. 5/- each to ₹1/- each. Furthermore, the Company intends to allot or credit the reduced face value equity shares to eligible shareholders once the necessary depository and regulatory formalities are completed.

In matters concerning personnel changes, the meeting took note of Ms. Pooja Chaubey’s resignation as Compliance Officer due to personal reasons. Subsequently, the Board ratified the appointment of Mr. Abhishek D. Rai (Membership No. 77783) as Company Secretary and Compliance Officer, filling the vacancy left by Ms. Chaubey.

The meeting confirmed that all actions undertaken by management, officers, and advisors in connection with the implementation of the Scheme of Arrangement and Amalgamation were ratified and approved by the Board.

Stock Price Movement​

Kedia Construction Company Ltd settled at ₹4.89 in post-market trading, edging higher by 4.94% on Wednesday. The shares were completely flat throughout the session, as the intraday high and low remained locked at ₹4.89.