Nature of the Event
The Board of Directors, in a meeting held on June 9, 2026, decided to approve a merger with KD Iron & Steel Private Limited. The companies have common promoters.
Key Quantitative Figures and Entity Details
The following financial details for the entities involved in the proposed merger were provided for the financial year ending March 31, 2026:
KD Green Industries Limited:
- Turnover: ₹22,83,24,597 (₹22.83 Crore)
- Share Capital: ₹10,15,10,500 (₹10.15 Crore)
KD Iron & Steel Private Limited:
- Turnover: ₹3,15,94,24,019 (₹315.94 Crore)
- Share Capital: ₹9,65,42,760 (₹9.65 Crore)
Areas of Business
- KD Green Industries Limited: Manufacturing of Iron & Steel; AAC Blocks.
- KD Iron & Steel Private Limited: Manufacturing of Iron & Steel.
Rationale for Merger
The stated rationale for the merger is to expand the business activities of the company.
Modalities and Current Status
The modalities of the merger, including the valuation and share swap ratio, have not been finalized. They are pending completion of due diligence, consultation with professionals, and receipt of necessary regulatory and other approvals.
Transaction Classification
The transaction is classified as a Related Party Transaction. The company has stated that it "shall be done at arms' length," though it notes this is "yet to be finalized."
Potential Impact
Details regarding the change in the shareholding pattern of the listed entity (KD Green Industries Limited) are yet to be decided. The financial impact of the merger is not quantified in this disclosure, pending the finalization of terms.
Meeting Logistics
The Board meeting was held at the company's Registered Office at 6th Floor, Sri Kamakhya Tower, Christian Basti, G S Road, Guwahati-781005, Assam. It commenced at 4:00 P.M. and concluded at 5:00 P.M. on June 9, 2026.