Board approves allotment of 83,60,000 equity shares for amalgamation; 2,98,000 shares cancelled
Kedia Construction has approved the allotment of new equity shares to give effect to Part III of its Scheme of Arrangement and Amalgamation with Kirti Investments Limited (Transferor Company).
By ScoutQuest · · 2 min read
- Equity Shares Allotted
- 83,60,000 equity shares of INR 1/- each allotted to eligible members of Kirti Investments Limited
- Shares Cancelled
- 2,98,000 equity shares arising from Kirti Investments Limited's crossholding stand cancelled
- Paid-up Capital
- moves from 30,00,000 shares to 1,10,62,000 shares
What the Board approved
Kedia Construction Company Limited has approved and taken on record the allotment of new equity shares that give effect to Part III of the Scheme of Arrangement and Amalgamation between Kirti Investments Limited (the Transferor Company) and Kedia Construction Company Limited (the Transferee Company) and their respective shareholders and creditors. The Scheme was approved by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, by order dated April 06, 2026, and the certified true copy was received on April 08, 2026. The Record Date fixed for this purpose was September 18, 2026. The Board of Directors of the Transferee Company, at its meeting held on Tuesday, 13th day of October, 2026, approved and took on record the allotment.
What was allotted
- 83,60,000 (Eighty Three Lakhs Sixty Thousand) equity shares of INR 1/- each were allotted to the members of Kirti Investments Limited whose names appear in its register of members, in the records of the depositories, or with the Registrar and Share Transfer Agent, as on the Record Date.
- 2,98,000 equity shares arising from the entitlement of Kirti Investments Limited on account of its crossholding in Kedia Construction Company Limited stand cancelled in accordance with the Scheme.
- The equity shares allotted under the Scheme rank pari passu in all respects with the existing equity shares of the Company.
How the equity capital changes
- Before the allotment: Issued, Subscribed and Paid-up Capital of 30,00,000 equity shares of face value INR 1 each, i.e. 30,00,000.
- After the allotment: Issued, Subscribed and Paid-up Capital of 1,10,62,000 equity shares of face value INR 1 each, i.e. 1,10,62,000.
The arithmetic ties up simply: 30,00,000 existing shares plus 83,60,000 newly allotted shares comes to 1,13,60,000, and after cancelling 2,98,000 shares the resulting figure is 1,10,62,000.
What it means for investors
This is the share-issuance step of a Scheme already approved by the NCLT, Mumbai Bench. The total number of equity shares of the Company rises from 30,00,000 to 1,10,62,000, and the shares issued carry the same face value of INR 1/- and the same rights as the existing equity shares. Shareholders of the Transferor Company whose names stood on record as on the Record Date receive shares of the Company under the Scheme, while the shares arising from the Transferor Company's crossholding in the Company stand cancelled.
Also from Kedia Construction Company
Board approves allotment of 83,60,000 equity shares under NCLT-approved amalgamation scheme
13 Oct 2026
More numbers
- Equity shares allotted to members of Kirti Investments Limited83,60,000
- Equity shares cancelled (Kirti Investments Limited crossholding)2,98,000
- Face value per equity shareINR 1/-
- Issued, subscribed and paid-up capital before allotment (number of shares)30,00,000
- Issued, subscribed and paid-up capital before allotment (value)30,00,000
- Issued, subscribed and paid-up capital after allotment (number of shares)1,10,62,000
- Issued, subscribed and paid-up capital after allotment (value)1,10,62,000
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