Kedia Construction Shareholders Unanimously Approve Amalgamation with Kirti Investments

Kedia Construction Company Limited (KCCL) shareholders have unanimously approved the scheme of amalgamation with Kirti Investments Limited (KIL) at a National Company Law Tribunal (NCLT)-convened meeting held on November 18, 2025. The resolution passed with requisite majority through remote e-voting, marking a significant step in the company's corporate restructuring efforts.

Voting Details

The shareholder meeting, conducted through video conferencing and other audio-visual means (VC/OAVM), saw participation from 15 shareholders holding a total of 19,29,700 equity shares. The voting process was carried out in compliance with the Companies Act, 2013, and SEBI regulations.

Category	Shares Held	Votes Polled	% Votes Polled	Votes in Favor	% in Favor
Promoter and Promoter Group	18,64,800	18,64,800	100.00	18,64,800	100.00
Public Institutions	0	0	0.00	0	0.00
Public Non-Institutions	11,35,200	64,900	5.72	64,900	100.00
Total	30,00,000	19,29,700	64.32	19,29,700	100.00

Key Highlights

100% of the votes cast were in favor of the amalgamation scheme.
The promoter and promoter group, holding 18,64,800 shares, showed full support by voting entirely in favor.
Public non-institutional shareholders also unanimously approved the scheme, with 64,900 votes cast in favor.
The total voter turnout represented 64.32% of the company's total equity shares.

Amalgamation Details

The approved scheme involves the amalgamation of Kirti Investments Limited (KIL) with Kedia Construction Company Limited (KCCL). This corporate action is expected to streamline operations and potentially create synergies between the two entities.

Regulatory Compliance

The meeting and voting process were conducted under the supervision of Ms. Kala Agarwal, a Practicing Company Secretary appointed as the Scrutinizer by the NCLT. The entire procedure adhered to the guidelines set by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Next Steps

With shareholder approval secured, the company will now proceed with the next stages of the amalgamation process, which may include seeking final approval from the NCLT and other regulatory bodies. The management of Kedia Construction Company Limited is expected to work towards completing the necessary legal and operational steps to effectuate the merger.

Investors and stakeholders are advised to keep an eye on further announcements from the company regarding the progress of this corporate action and its potential impact on the company's structure and operations.

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Kedia Construction Company Limited , a player in the construction sector, has announced its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company has shown a significant improvement in its financial performance compared to the previous quarter.

Key Financial Highlights

Particulars (in lakhs)	Q2 FY2026	Q1 FY2026	Q2 FY2025
Net Sales	5.63	0.20	4.75
Total Income	5.70	0.27	4.80
Profit Before Tax	4.55	(5.20)	(5.00)
Net Profit	3.89	(3.89)	(3.30)
EPS (Basic & Diluted)	0.11	(0.13)	(0.11)

Revenue and Profitability

Kedia Construction has reported a substantial increase in its net sales for Q2 FY2026, reaching Rs. 5.63 lakhs, compared to Rs. 0.20 lakhs in the previous quarter. This represents a significant quarter-on-quarter growth. The total income for the quarter stood at Rs. 5.70 lakhs, up from Rs. 0.27 lakhs in Q1 FY2026.

Profit Margins

The company has shown a remarkable turnaround in its profitability. Kedia Construction reported a profit before tax of Rs. 4.55 lakhs for Q2 FY2026, a significant improvement from the loss of Rs. 5.20 lakhs in the previous quarter. The net profit after tax stood at Rs. 3.89 lakhs, compared to a net loss of Rs. 3.89 lakhs in Q1 FY2026.

Earnings Per Share

The basic and diluted earnings per share (EPS) for Q2 FY2026 was Rs. 0.11, a positive shift from the negative EPS of Rs. 0.13 in the previous quarter.

Balance Sheet Position

As of September 30, 2025, Kedia Construction maintains a paid-up equity share capital of Rs. 150 lakhs, with shares having a face value of Rs. 5 each. The company's cash and cash equivalents stood at Rs. 3.45 lakhs, down from Rs. 15.37 lakhs at the end of the previous fiscal year.

Business Segment and Legal Proceedings

Kedia Construction is primarily engaged in the construction business and does not have separate reportable segments as per Ind AS 108. The company is currently involved in a court case against LIC of India regarding a Ridge Road Property valued at Rs. 68.55 lakhs, which is included in the company's inventory. No provision for diminution in value has been made as the matter is sub-judice.

Corporate Actions

The Board of Directors has approved a scheme of arrangement and amalgamation with Kirti Investments Limited, subject to necessary regulatory approvals. This strategic move may potentially impact the company's future operations and financial structure.

Outlook

While Kedia Construction has shown a significant improvement in its quarterly performance, it's important to note that the construction sector can be subject to various external factors. The ongoing legal proceedings and the proposed amalgamation are key areas to watch for potential impacts on the company's future performance.

Investors and stakeholders should continue to monitor the company's performance in the coming quarters to assess the sustainability of this positive trend and the potential effects of the proposed corporate actions.