Ramkrishna Forgings Limited , a prominent player in the forging industry, has announced a significant development in its corporate restructuring efforts. The National Company Law Tribunal (NCLT), Kolkata Bench, has allowed the Second Motion Petition for the company's amalgamation scheme involving its subsidiaries.

Key Details of the Amalgamation Scheme

The approved scheme involves the merger of two subsidiaries with a third:

Timeline of Events

Legal Process and Next Steps

The NCLT has directed notices to be served to various statutory authorities, including:

• Central Government
• Registrar of Companies
• Income Tax authorities
• Other relevant regulators

These authorities have been given 30 days to file their representations. If no representations are received within this period, it will be presumed that they have no objections to the proposed scheme.

Transparency and Compliance

In line with regulatory requirements, Ramkrishna Forgings has made the tribunal order available on its website ( www.ramkrishnaforgings.com ). This move ensures transparency and keeps shareholders and other stakeholders informed about the ongoing corporate restructuring process.

Implications for Investors

While the amalgamation is a significant corporate action, it's important to note that the merging entities are already subsidiaries of Ramkrishna Forgings Limited. The consolidation may streamline operations and potentially lead to improved operational efficiencies within the group structure.

Investors and stakeholders should continue to monitor further developments as the amalgamation process progresses through the required legal and regulatory channels.

As the situation evolves, Ramkrishna Forgings is expected to provide updates to the stock exchanges and shareholders in accordance with regulatory guidelines.

Ramkrishna Forgings Limited has received a significant boost in its corporate restructuring efforts. The National Company Law Tribunal (NCLT) Kolkata Bench has approved the First Motion Application for the amalgamation of three of its wholly-owned subsidiaries.

Key Details of the Amalgamation

Involved Companies

• Mal Metalliks Private Limited
• Multitech Auto Private Limited
• Ramkrishna Casting Solutions Limited

Important Dates

• Approval Date: September 3, 2025
• Appointed Date for Amalgamation: January 1, 2024

NCLT Order Highlights

The NCLT order, pronounced on September 3, 2025, includes several important provisions:

1. Dispensation of Meetings: The tribunal has dispensed with the need for meetings of equity shareholders, secured creditors, unsecured creditors, and debenture holders of all three companies involved in the amalgamation.

2. Stakeholder Consent:

   • 100% consent from equity shareholders and secured creditors across all applicant companies
   • Over 90% consent from unsecured creditors of all involved companies

3. Regulatory Notifications: The companies are directed to serve notices to regulatory authorities within two weeks, including:

   • Regional Director
   • Registrar of Companies
   • Official Liquidator
   • Income Tax Department

Implications and Next Steps

This approval marks a significant milestone in Ramkrishna Forgings' corporate restructuring process. The amalgamation is expected to streamline operations, potentially leading to improved operational efficiency and cost optimization.

The company will now proceed with the next steps in the amalgamation process, including serving the required notices to regulatory authorities and preparing for the implementation of the scheme from the appointed date of January 1, 2024.

Company Statement

Rajesh Mundhra, Company Secretary & Compliance Officer of Ramkrishna Forgings Limited, confirmed the development in a regulatory filing. The company has made the NCLT order available on its website ( www.ramkrishnaforgings.com ) for stakeholders' reference.

Investors and stakeholders of Ramkrishna Forgings Limited will be keenly watching the progress of this amalgamation and its potential impact on the company's future performance and structure.