Kirloskar Ferrous Industries Completes Legal Filing for Absorption Merger of Subsidiary Entities
Kirloskar Ferrous Industries Limited (KFIL) has successfully advanced its Scheme of Arrangement and Merger by Absorption, which involves the integration of two wholly owned subsidiaries: Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL), into KFIL. The company announced a significant update regarding the proceedings before the National Company Law Tribunal (NCLT), Mumbai Bench.The Scheme petitions were filed before the NCLT under Section 230-232 of the Companies Act, 2013, concerning the merger and absorption of OEPL and AESPL into KFIL.
Following a hearing held on April 9, 2026, the NCLT passed an Order directing several necessary steps for the continuation of the scheme.
The Tribunal’s Order specified several key procedural mandates, including the issuance of notices to statutory and regulatory authorities. Furthermore, the NCLT directed the necessary steps for the publication of the hearing notice in newspapers and the issuance of notices to statutory bodies.
Crucially, the NCLT admitted the Company Petition, fixing the matter for hearing and final disposal on May 15, 2026.
The details of the merger and the key dates are summarized below:
| Entity Status | Company Name | Transaction Type | Petitioner Role |
|---|---|---|---|
| Absorbing Company | Kirloskar Ferrous Industries Limited (KFIL) | Merger and Absorption | Transferee Company |
| Subsidiary 1 | Oliver Engineering Private Limited (OEPL) | Absorption | Petitioner Company No. 1 |
| Subsidiary 2 | Adicca Energy Solutions Private Limited (AESPL) | Absorption | Petitioner Company No. 2 |
The initial petition filing was formally documented with the Tribunal, with the transaction being governed by the relevant provisions of the Companies Act, 2013.
Kirloskar Ferrous Industries Limited remains committed to executing the absorption scheme, ensuring adherence to all required statutory and regulatory procedures set forth by the NCLT.
KIRLOSIND Stock Price Movement
Today, Kirloskar Industries Limited shares edged higher, closing the session at ₹3180.3, marking a solid gain of 0.48%. The stock saw consistent trading activity, recording a total volume of 10,923 shares traded today.Source:
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