Kirloskar Ferrous Industries Limited has scheduled a board meeting on Friday, June 12, 2026, to consider the declaration of a final dividend for the financial year 2025–2026. The meeting will be held pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision on the dividend, if any, will impact shareholders for the fiscal year ending March 31, 2026.

Agenda Details

The primary agenda item for the upcoming board meeting is the consideration of the final dividend for FY26. The company has not specified the dividend amount or the record date in the intimation. Any declaration will be subject to the approval of the Board of Directors.

Regulatory Compliance

The intimation was submitted to BSE Limited on June 8, 2026, referencing Scrip code 500245. The communication was signed by Mayuresh Vinayak Gharpure, Company Secretary of Kirloskar Ferrous Industries Limited.

Kirloskar Ferrous Industries Limited has secured approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for the amalgamation of its wholly owned subsidiaries, Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited. The tribunal pronounced the order on June 2, 2026, allowing the scheme of arrangement which was approved by the board of directors on August 4, 2025. The appointed date for the merger is April 1, 2025, facilitating the consolidation of businesses to enable long-term sustainability and growth.

The merger aims to streamline the current holding structure, reduce the number of companies, and optimize administrative costs. Since both transferor companies are wholly owned subsidiaries of Kirloskar Ferrous Industries, no shares will be issued, and no consideration will be discharged for the amalgamation. The issued and paid-up capital of the transferor companies will stand cancelled upon the scheme becoming effective.

Scheme Details and Compliance

The scheme was sanctioned under Sections 230 to 232 of the Companies Act, 2013, and related rules. The petitioner companies addressed an inadvertent arithmetical error regarding the post-merger authorised share capital through board resolutions passed on April 4, 2026. The companies confirmed compliance with all statutory requirements, including the submission of audited financial statements for the year ended March 31, 2025.

Regulatory Observations and Undertakings

The Regional Director, Western Region-II, and the Official Liquidator filed reports with observations, which the companies addressed through affidavits. The companies confirmed that all charges against Oliver Engineering Private Limited have been satisfied and that no winding up proceedings are pending. The transferee company undertook to comply with the provisions of Section 232(3)(i) of the Companies Act, 2013, regarding the payment of differential fees for share capital.

The Assistant Commissioner, CGST Division, Rajpura, raised observations regarding claims from earlier Corporate Insolvency Resolution Process (CIRP) proceedings against Oliver Engineering Private Limited. The companies clarified that claims were dealt with in the resolution plan approved by the tribunal in September 2023, relying on the Supreme Court judgment in Ghanashyam Mishra & Sons (P) Ltd v. Edelweiss ARC. Kirloskar Ferrous Industries undertook to pay any legally payable dues upon the scheme becoming effective.

Tribunal Order and Directives

The NCLT declared the scheme unopposed and made the company petition absolute. The transferor companies are dissolved without winding up, and all liabilities will transfer to the transferee company. The tribunal directed the companies to file a copy of the order with the Registrar of Companies in E-Form INC-28 within 30 days and to lodge the order with the Superintendent of Stamps within 60 days for stamp duty adjudication.