Kedia Construction Schedules Board Meeting for Scheme Modification

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Kedia Construction Schedules Board Meeting for Scheme Modification

Team Finance Saathi

30/Dec/2024

What’s covered under the Article:

Kedia Construction schedules a Board meeting on January 2, 2025.
The meeting will consider modifications to the Scheme of Amalgamation between KIL and KCCL.
The impact of these changes on shareholders and creditors.

Kedia Construction Company Limited has informed the BSE Limited about the scheduling of a Board meeting on Thursday, January 2, 2025, to consider modifications to the Scheme of Arrangement and Amalgamation between Kirti Investments Limited (KIL), the Transferor Company, and Kedia Construction Company Limited (KCCL), the Transferee Company.

The meeting will primarily focus on reviewing and, if deemed appropriate, approving certain modifications to the existing Scheme. The proposed changes may have an impact on the shareholders and creditors of both companies. The Scheme of Amalgamation is aimed at simplifying the corporate structure and achieving better operational synergies between KIL and KCCL.

This update follows the earlier intimation made on June 21, 2024, where the companies had initially announced the Scheme. The upcoming Board meeting is a critical step in ensuring that the final amalgamation process aligns with the business objectives and regulatory requirements.

Investors and stakeholders are encouraged to stay informed about the potential outcomes of this meeting, as it may significantly influence both companies' future growth prospects.

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Kedia Construction Schedules Board Meeting for Scheme Modification

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