CIE Automotive India Ltd

📊 CIE Automotive India Announces Merger with Subsidiary CIEALCAST

• CIE Automotive India Limited (CIEINDIA) approved merger with its wholly owned subsidiary CIE Aluminium Casting India Limited (CIEALCAST) on 23rd April 2026

• CIEALCAST reported a turnover of INR 11,728 million and net profit after tax of INR 948 million for the financial year ended 31st December 2025

• CIEINDIA reported a turnover of INR 48,964.02 million for the financial year ended 31st December 2025

• Rationale for merger includes operational efficiencies, economies of scale, synergies in production and marketing, cross-selling opportunities, and elimination of inter-company transactions

• No change in shareholding pattern of CIEINDIA is expected post-merger