Key Details

Symbol (NSE): CIEINDIA

Corporate Action: Merger by Absorption

Record Date: Not Specified

Nature of Scheme: Merger by Absorption of wholly-owned subsidiary into parent company

Entities Involved:

  • Transferor Company: CIE Aluminium Casting India Limited (CIN: U31909PN1985PLC037539)
  • Transferee Company: CIE Automotive India Limited (CIN: L27100PN1999PLC245720)

Demerged Company: Not Applicable (Merger)

Resulting Company: CIE Automotive India Limited

Share Entitlement Ratio: Not Applicable - No shares will be issued by Transferee Company as Transferor Company is wholly-owned subsidiary. The issued and paid-up capital of Transferor Company (29,40,000 equity shares of ₹10 each) shall stand cancelled on Effective Date.

Implied Capital Structure Impact: No change in capital structure of Transferee Company. No new shares issued. Paid-up equity share capital remains unchanged at ₹379,36,23,770 (37,93,62,377 equity shares of ₹10 each).

Post-Allotment Listing Plan: Resulting entity (CIE Automotive India Limited) remains listed on BSE and NSE. No new listing required.

Regulatory and Approval Status:

  • NCLT approval granted on 24 September 2026 via order CA(CAA)-115/MB/2026
  • Board approvals obtained on 23 April 2026
  • SEBI/Stock Exchange observations: Compliance with SEBI Master Circular No. SEBI/HO/CFD/POD2/P/CIR/2023/93 dated 20.06.2023 completed via letter dated 23.04.2026
  • Shareholder meetings dispensed with for both companies
  • Creditor meetings dispensed with for both companies
  • Notices to be served to regulatory authorities (Central Government, ROC, Income Tax, GST, CCI, etc.)

Effective Date: Appointed Date fixed as 1 April 2026. Effective Date of scheme implementation not yet specified (certified copy of order awaited).

Financial Rationale:

  • Production and Marketing Synergies: Combined entity to offer larger diversified product portfolio, improved capacity planning and optimization
  • Cross-Selling Across OEM Relationships: Leverage CIEALCAST's strong customer relationships in two-wheeler and passenger vehicle segments
  • Organisational and Operating Efficiencies: Elimination of managerial overlaps, reduced duplication of systems and processes
  • Stronger financial position: Enhanced net worth improves ability to secure large contracts and fund growth opportunities
  • Elimination of inter-company outstanding/transactions: Removal of intercompany payables/loans strengthens financial position

Impact on Shareholders:

  • No change in shareholding pattern of Transferee Company
  • No dilution of ownership as no new shares issued
  • Rights and interests of shareholders remain unaffected
  • Enhanced dividend paying ability expected due to stronger financial position

Additional Financial Information

Pre-Merger Capital Structure (as on 31.12.2025):

CIE Aluminium Casting India Limited:

  • Authorized Share Capital: ₹31,71,00,000
  • Issued, Subscribed and Paid-up Share Capital: ₹2,94,00,000 (29,40,000 equity shares of ₹10 each)

CIE Automotive India Limited:

  • Authorized Share Capital: ₹516,84,26,365
  • Issued Share Capital: ₹379,36,33,220 (37,93,63,322 equity shares of ₹10 each)
  • Subscribed and Paid-up Share Capital: ₹379,36,23,770 (37,93,62,377 equity shares of ₹10 each)

Net Worth Impact:

  • Pre-merger Net Worth of CIE Automotive India Limited: ₹43,752,789,772
  • Post-merger Net Worth of Combined Entity: ₹44,695,043,410
  • Net worth increase: ₹942,253,638

Creditor Position:

CIE Aluminium Casting India Limited:

  • 688 Sundry Creditors: ₹112,0546,355
  • 31 Capex Unsecured Creditors: ₹3,31,73,029
  • 1 Unsecured Borrowing: ₹169,00,00,000

CIE Automotive India Limited:

  • 2654 Unsecured Creditors: ₹624,51,57,282
  • 116 Capex Unsecured Creditors: ₹14,99,96,926

Application Details:

  • NCLT Application No: CA(CAA)-115/MB/2026
  • Order Date: 24 September 2026
  • Appointed Date: 1 April 2026
  • BSE Scrip Code: 532756
  • NSE Symbol: CIEINDIA