Kirloskar Industries Ltd

NCLT Approves Merger of OEPL & AESPL with Kirloskar Ferrous Industries 🏭📈

- NCLT Mumbai approves merger of Oliver Engineering (OEPL) & Adicca Energy Solutions (AESPL) with Kirloskar Ferrous Industries (KFIL).

- Appointed merger date: 01.04.2025.

- No new KFIL shares issued; existing capital of subsidiaries stands cancelled.

- Merger aims to consolidate businesses, optimize costs, and enhance operational flexibility.

- Regulatory compliance fulfilled (SEBI, BSE, RBI, GST, Income Tax).

- Pending investigations (Competition Commission, SFIO) do not impact merger.

- Liabilities transfer to KFIL post-merger except prior officer-related offenses.

- KFIL must file NCLT order with RoC (INC-28) in 30 days and stamp duty adjudication in 60 days.