Kirloskar Ferrous Industries has merged its wholly-owned subsidiaries Oliver Engineering and Adicca Energy. The merger is effective from April 1, 2025, and the company has updated its authorized share capital.

Kirloskar Ferrous Industries Completes Merger of Subsidiaries

Kirloskar Ferrous Industries Limited has successfully completed the merger of its wholly-owned subsidiaries, Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL). The company filed the certified true copy of the National Company Law Tribunal (NCLT) Order with the Registrar of Companies on June 11, 2026.

The merger is retrospectively effective from April 1, 2025. As a result of the merger, the transferor companies, OEPL and AESPL, have been dissolved. The business operations of these entities are now fully consolidated into Kirloskar Ferrous Industries.

What just happened

Kirloskar Ferrous merged two wholly-owned subsidiaries; no new shares issued.

Why this matters

Consolidates operations into the parent, simplifying structure without equity dilution.

The backstory

This is a corporate restructuring involving wholly-owned subsidiaries to streamline operations.

What changes now

The operations of Oliver Engineering and Adicca Energy are now part of Kirloskar Ferrous Industries.

Capital Structure Update

Following the scheme's completion, Kirloskar Ferrous Industries has amended Clause V of its Memorandum of Association concerning its authorized share capital.

The updated capital structure is as follows:

• Total Authorized Share Capital: ₹389.61 crore (₹38,961 lakh)
• Equity Shares: 54,52,20,000 shares (Face Value: ₹5 each)
• Preference Shares: 11,70,00,000 shares (Face Value: ₹10 each)

Investor Takeaway

No new shares were issued for this merger, and the capital of the transferor companies was cancelled. This means there has been no equity dilution for existing shareholders. The consolidation aims to streamline business operations under the parent entity.