Kedia Construction Company Limited has secured a crucial regulatory milestone with the National Company Law Tribunal (NCLT) Mumbai Bench approving its scheme of arrangement and amalgamation with Kirti Investments Limited. The approval was granted on April 06, 2026, marking a significant step in the company's corporate restructuring initiative.

NCLT Approval Details

The tribunal has approved the proposed scheme under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The scheme involves a comprehensive arrangement between the two entities and their stakeholders.

Scheme Structure

The arrangement encompasses both companies along with their respective shareholders and creditors. Under this scheme, Kirti Investments Limited will serve as the transferor company, while Kedia Construction Company Limited will act as the transferee company. This structure indicates a complete merger where Kirti Investments Limited's assets and liabilities will be transferred to Kedia Construction Company Limited.

Regulatory Compliance

The company has promptly informed BSE Limited about this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The disclosure was made through a formal communication to the stock exchange, ensuring transparency with stakeholders and regulatory authorities.

Next Steps

While the NCLT has granted approval, Kedia Construction Company Limited has indicated that the detailed order copy is still awaited. The company has committed to disclosing the complete order to stock exchanges as soon as it is received, ensuring continued compliance with disclosure requirements.

The approval represents a significant corporate development for Kedia Construction Company Limited, enabling the completion of its amalgamation process with Kirti Investments Limited under the regulatory framework established by the Companies Act, 2013.

Kedia Construction Co. Ltd. announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following the Board of Directors meeting held on February 3, 2026. The Mumbai-based construction company reported mixed performance with revenue fluctuations across quarters.

Quarterly Financial Performance

The company's financial performance for the third quarter of FY26 showed revenue volatility compared to previous periods. Net sales from operations and other income components contributed to the overall financial picture for the reporting period.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, Kedia Construction reported total income of Rs. 25.09 lakhs compared to Rs. 14.60 lakhs in the corresponding period of the previous year. Total expenditure for the nine-month period stood at Rs. 27.38 lakhs, resulting in a comprehensive loss of Rs. 1.73 lakhs.

Key Financial Highlights

The company's expenditure structure included several components that impacted overall profitability:

• Cost of materials consumed: Rs. 5.70 lakhs for Q3FY26
• Employee benefit expenses: Rs. 4.77 lakhs for the quarter
• Other expenses: Rs. 2.89 lakhs
• Decrease in stock: Rs. (5.70) lakhs, indicating inventory reduction

The paid-up equity share capital remained stable at Rs. 150.00 lakhs with a face value of Rs. 5 per share. Basic and diluted earnings per share for Q3FY26 stood at Rs. (0.041).

Corporate Developments and Legal Matters

The company disclosed ongoing legal proceedings involving a court case along with a group company against LIC of India regarding Ridge Road Property valued at Rs. 71.82 lakhs under inventory. No provision for diminution in value has been made as the matter remains subjudice.

Additionally, the Board of Directors has approved a Scheme of Arrangement and Amalgamation between Kirti Investments Limited and Kedia Construction Company Limited with an appointed date of April 1, 2024, subject to necessary approvals including from the National Company Law Tribunal, Mumbai Bench.

Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company confirmed no complaints were received or pending as of December 31, 2025. The results comply with Indian Accounting Standard 34 and SEBI listing regulations, with the auditor's limited review report providing moderate assurance on the financial statements.