Kedia Construction Sets Record Date for Merger

Record Date: September 18, 2026
Share Swap Ratio: 38 shares of Kedia for every 100 shares of Kirti

Reader Takeaway: The merger consolidates operations and streamlines capital structure, while providing equity dilution via new share issuance.

What just happened

Kedia Construction Company Limited has officially scheduled September 18, 2026, as the record date to implement its Scheme of Arrangement and Amalgamation with Kirti Investments Limited. This follows the approval granted by the National Company Law Tribunal (NCLT), Mumbai Bench, on April 6, 2026.

Why this matters

The amalgamation is a strategic consolidation exercise. By merging Kirti Investments into Kedia Construction, the company aims to pool financial and operational resources while simplifying its corporate structure. This move is expected to reduce compliance overheads and improve overall administrative efficiency.

Share Exchange Details

Kedia Construction will issue 83,60,000 new fully paid-up equity shares (face value INR 1 each) to shareholders of Kirti Investments. The defined swap ratio is 38 shares of the Transferee company for every 100 shares held in the Transferor company. These new shares will rank pari passu with existing equity shares, meaning they will carry identical rights, including future dividend entitlements.

What changes now

Upon the effective date, the equity shares previously held by Kirti Investments in Kedia Construction will be extinguished, and the equity capital of the transferor company will be cancelled as part of the restructuring process. The company is also undergoing a reduction of the face value of its equity share capital.

What to track next

Shareholders should await further communication from the company regarding the final allotment process and the subsequent updates to the share capital structure following the record date.