Kriti Industries India , a leading manufacturer of polymer pipes, has announced a significant corporate restructuring move. The company's Board of Directors has approved a scheme of amalgamation to merge its wholly owned subsidiary, Kriti Auto Engineering Plastics Private Limited, with itself.

Key Details of the Merger

The merger approval came following an audit committee recommendation and a board meeting held on November 8, 2025. Here are the essential points of the amalgamation:

Rationale for the Merger

The company has outlined several strategic reasons for this consolidation:

• Simplification of group structure
• Cost savings through rationalization and standardization of business processes
• Elimination of unnecessary administrative duplication
• Reduction in legal and regulatory compliance costs
• Achievement of economies of scale

Financial Implications

No cash consideration is involved in this merger as it pertains to a wholly owned subsidiary. This aspect simplifies the transaction and potentially reduces associated costs.

Regulatory Approvals

The merger is subject to necessary regulatory and statutory approvals. Shareholders and regulatory bodies will need to give their consent before the amalgamation can be finalized.

Company Background

Kriti Industries (India) Limited specializes in manufacturing polymer pipes, including Poly Vinyl Chloride (PVC) and Poly Ethylene (PE) pipes. These products find applications in potable water supply, irrigation, building construction, and infrastructure projects.

Market Impact

This strategic move is aimed at streamlining operations and improving overall efficiency within the Kriti Industries group. The consolidation could potentially lead to better resource allocation and enhanced shareholder value in the long term.

Kriti Industries India , a manufacturer of polymer pipes, has reported a significant increase in net loss for the second quarter, accompanied by a substantial decline in revenue.

Financial Performance

The company's financial results for Q2 reveal:

The net loss widened by 162.16% year-over-year, while revenue decreased by 26.95% compared to the same quarter in the previous fiscal year.

Factors Affecting Performance

The company attributed the decline in turnover to lower sales volume, primarily due to prolonged rains during the quarter. This weather-related factor appears to have significantly impacted Kriti Industries' operations and financial outcomes.

Balance Sheet Highlights

As of September 30, 2025, Kriti Industries reported:

• Total assets of ₹4,289.28 crore
• Total equity of ₹2,165.51 crore
• Non-current liabilities of ₹584.99 crore
• Current liabilities of ₹1,538.77 crore

Recent Corporate Actions

On November 8, 2025, the company's Board of Directors approved a scheme of amalgamation. This involves the merger of its wholly-owned subsidiary, Kriti Auto & Engineering Plastics Private Limited, with Kriti Industries India. The move is subject to necessary regulatory and statutory approvals.

Market Position

Kriti Industries operates in the plastics segment, specifically in the manufacture of polymer pipes. These include Poly Vinyl Chloride (PVC) and Poly Ethylene (PE) pipes used in various applications such as potable water supply, irrigation, building construction, and infrastructure.

The company faces challenges in the current market environment, as evidenced by the significant decrease in revenue and widening losses. The management's decision to consolidate its operations through the merger of its subsidiary may be aimed at improving operational efficiency and financial performance in the coming quarters.