Kirloskar Ferrous Industries Limited has announced a board meeting scheduled for Thursday, May 7, 2026, to consider key financial matters and strategic decisions. The company filed the intimation under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Agenda

The board meeting will address two primary matters of significant importance to stakeholders:

Regulatory Compliance

The intimation was communicated to BSE Limited on May 1, 2026, through reference number 3312/26. Company Secretary Mayuresh Gharpure signed the official communication, which was digitally authenticated on May 1, 2026, at 22:39:05 +05'30'.

Key Meeting Details

The scheduled board meeting represents a crucial milestone for the company as it prepares to present its complete financial performance for FY26. The inclusion of fund raising options on the agenda indicates potential strategic initiatives that the board may consider for future growth and expansion.

The meeting will review both standalone and consolidated audited financial results, providing comprehensive insights into the company's performance across all business segments for the concluded financial year.

Kirloskar Ferrous Industries Limited has received a significant regulatory milestone in its corporate restructuring initiative, with the National Company Law Tribunal (NCLT) Mumbai issuing an order on April 16, 2026, advancing the company's merger scheme proceedings.

NCLT Order Details

The NCLT has approved the progression of Company Petition No. C.P.(CAA)/46(MB)2026 relating to the scheme of arrangement and merger by absorption of two wholly-owned subsidiaries with Kirloskar Ferrous Industries Limited. The order was uploaded on the NCLT website on April 16, 2026, following a hearing conducted on April 9, 2026.

Merger Scheme Structure

The approved scheme involves the merger by absorption of Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL) with Kirloskar Ferrous Industries Limited. Both OEPL and AESPL are wholly-owned subsidiaries of the company. The scheme encompasses the respective shareholders of all three entities involved in the corporate restructuring.

Regulatory Compliance Requirements

The NCLT order mandates several compliance requirements that the company must fulfill before the final hearing:

• Statutory Notifications: Issuance of notices to statutory and regulatory authorities as per Section 230(5) of the Companies Act, 2013
• Newspaper Publication: Publishing hearing notices in two local newspapers - Financial Express (English) and Loksatta (Marathi) in Pune, at least 10 days before the hearing date
• Authority Notifications: Informing statutory authorities about the hearing date as per Rule 8 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
• Website Hosting: Posting notices and scheme copies on respective company websites

Legal Framework and Process

The merger proceedings are being conducted under Sections 230-232 of the Companies Act, 2013. The tribunal has directed that statutory authorities must submit their representations, if any, within thirty days of receiving the notice. Failure to respond within this timeframe will be presumed as having no objections to the proposed scheme.

The company has been represented by Mr. Hemant Sethi as legal counsel before the NCLT Mumbai bench, comprising Hon'ble Member (Technical) Sh. Prabhat Kumar and Hon'ble Member (Judicial) Sh. Sushil Mahadeorao Kochey.

Next Steps

With the petition formally admitted for hearing and final disposal on May 15, 2026, Kirloskar Ferrous Industries Limited must complete all mandated compliance requirements before the scheduled date. The company has communicated this development to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding this significant corporate restructuring initiative.