Kedia Construction Finalizes Merger and Share Allotment

83,60,000 equity shares allotted; total paid-up share capital reaches 1,10,62,000 equity shares.

Reader Takeaway: The NCLT-mandated merger increases Kedia Construction's equity base, formalizing the integration of Kirti Investments into the company.

What just happened

Kedia Construction Company Limited has officially executed its amalgamation scheme with Kirti Investments Limited. Following the board meeting held on October 13, 2026, the company allotted 83,60,000 equity shares to members of Kirti Investments. This action aligns with the scheme of arrangement sanctioned by the NCLT Mumbai Bench on April 06, 2026.

Corporate Action Details

As part of the restructuring, the company cancelled 2,98,000 equity shares previously held as cross-holdings by Kirti Investments. The newly issued shares have a face value of INR 1 each and will rank pari passu with existing equity shares. The record date for the eligibility of these shares was September 18, 2026.

Capital Structure Change

The amalgamation has significantly altered the company's equity landscape. The total number of issued, subscribed, and paid-up equity shares has increased from 30,00,000 to 1,10,62,000. This expansion reflects the consolidation of the transferor company into Kedia Construction.

What to track next

Investors should note that this is a technical completion of an NCLT-sanctioned corporate action. Market participants should observe how the increased share base impacts future liquidity and earnings per share reporting.