Keto Motors Limited Allots Shares Under Scheme of Arrangement
Keto Motors Limited, formerly known as Taaza International Ltd., announced the allotment of 5,60,47,800 equity shares on March 31, 2026. The allotment occurred in exchange for 3,73,65,200 equity shares held by shareholders of Keto Motors Private Limited as of March 30, 2026.This action follows a Scheme of Arrangement between Keto Motors Private Limited (Transferor Company) and Keto Motors Limited (Transferee Company), as approved by the Hon'ble NCLT, Hyderabad Bench, on June 12, 2025. The share exchange ratio is 3:2, meaning three equity shares of Keto Motors Limited are allotted for every two equity shares held in Keto Motors Private Limited.
Company Details:
- Keto Motors Limited (formerly Taaza International Limited)
- CIN: L45100TG2001PLC072561
- Registered Office: 9-1-83 & 84 Amarchand Sharma Complex, Sarojini Devi Road, Secunderabad, Hyderabad, Telangana, 500003
Financial Highlights (as of March 31, 2025):
| Entity | Paid-up Capital | Turnover (in lakhs) |
|---|---|---|
| Keto Motors Private Limited | ₹37,36,52,000 | ₹2714.77 |
| Keto Motors Limited | ₹14,38,66,720 | ₹0 |
Shareholding Changes:
The scheme has resulted in a change in the shareholding pattern of Keto Motors Limited. The following table outlines the pre- and post-scheme shareholding:| Shareholder | Pre-Scheme Shares | Pre-Scheme % | Post-Scheme Shares | Post-Scheme % |
|---|---|---|---|---|
| Existing Shareholders | 91,00,000 | 63.25 | 6,51,47,800 | 92.49 |
| New Shareholders | 52,86,672 | 36.75 | 52,86,672 | 7.51 |
| Total | 1,43,86,672 | 100 | 7,04,34,472 | 100 |
The board meeting concluded at 3:45 p.m.
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