Kiran Vyapar Ltd

📊 Kiran Vyapar Ltd’s Associate Placid Merges into Maharaja Shree Umaid Mills

• Placid Limited ceased to be an associate of Kiran Vyapar Limited effective April 25, 2026.

• The amalgamation scheme was approved by NCLT Kolkata Bench on March 16, 2026, merging Placid into Maharaja Shree Umaid Mills Limited.

• Kiran Vyapar will receive 515 equity shares (Rs. 10 each) in Maharaja Shree Umaid Mills for every 1 equity share (Rs. 100) held in Placid.

• As of March 31, 2025, Placid contributed Rs. 53.88 crores (26.26% of turnover) and had a net worth of Rs. 459.77 crores (20.97% of total).

• The transaction is at arm's length and involves Maharaja Shree Umaid Mills, a group company.