Kedia Construction Company Limited , a prominent player in the construction sector, has taken steps to ensure regulatory compliance in its proposed merger with Kirti Investments Limited. The company filed a supplemental application with the National Company Law Tribunal (NCLT) on August 8, 2025, seeking directions to reconvene a shareholders meeting for its merger scheme.

Background

The move comes after a previous shareholders meeting, held on July 28, 2025, failed to secure participation from public shareholders. This participation is a crucial requirement under the Securities and Exchange Board of India (SEBI) regulations for scheme approval.

Regulatory Compliance

According to a disclosure made by the company under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, Kedia Construction had initially convened the meeting following an NCLT order dated June 9, 2025. Notices were duly dispatched to equity shareholders. However, the meeting saw no attendance or voting from public shareholders.

SEBI Requirements

The SEBI Master Circular SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023, mandates approval of merger schemes by public shareholders. This regulatory requirement has prompted Kedia Construction to seek fresh directions from the NCLT.

Next Steps

The supplemental application filed by Kedia Construction aims to reconvene the shareholders meeting. This move is intended to ensure compliance with SEBI requirements and obtain the necessary approvals for the merger scheme with Kirti Investments Limited.

Company Statement

Vijay Kumar Khowala, Director of Kedia Construction Company Limited, signed the disclosure, emphasizing the company's commitment to regulatory compliance and transparency in the merger process.

The construction firm's proactive approach in addressing the regulatory requirements underscores the importance of public shareholder participation in corporate restructuring decisions. Stakeholders will be watching closely as Kedia Construction navigates this crucial phase in its proposed merger with Kirti Investments Limited.

Kedia Construction Company Limited , a player in the construction sector, has released its unaudited financial results for the first quarter of the fiscal year 2026, revealing a significant decrease in revenue compared to the previous quarter.

Financial Highlights

The company's board of directors approved the unaudited financial results for the quarter ended June 30, 2025, during a board meeting held on August 8, 2025. Key financial metrics for the quarter are as follows:

Revenue and Profitability

Kedia Construction Company experienced a substantial decline in its financial performance for the quarter ended June 30, 2025:

• Net sales dropped to Rs. 6.00 lakhs, marking an 80.20% decrease from Rs. 30.25 lakhs reported in the previous quarter.
• Total income fell by 80.00%, from Rs. 30.36 lakhs to Rs. 6.07 lakhs.
• Net profit after tax stood at Rs. 0.53 lakhs, down from Rs. 1.49 lakhs in the preceding quarter, representing a 64.40% decrease.

Earnings Per Share

The company's earnings per share (EPS) also reflected the downturn in financial performance. Basic and diluted EPS for the quarter was reported at Rs. 0.02, a significant drop from Rs. 0.11 in the previous quarter.

Business Operations

Kedia Construction Company Limited operates in the construction business with no separate reportable segments, as per Ind AS 108. The company's financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting.

Board Meeting Details

The board meeting was held on August 8, 2025, to consider and approve the unaudited financial results for the quarter ended June 30, 2025. The meeting commenced at 3:00 p.m. and concluded at 4:00 p.m. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the construction sector continues to face challenges, investors and stakeholders will be closely monitoring Kedia Construction Company's performance in the coming quarters.