Kedia Constructions Company Limited

Key Decisions and Approvals

  • The Board noted that the Scheme of Arrangement and Amalgamation between Kirti Investments Limited (KIL) and Kedia Constructions Company Limited (KCCL) and their respective shareholders and creditors has become effective. This effectiveness follows the Order of the Hon'ble National Company Law Tribunal, Mumbai Bench pronounced on April 4, 2026, and the filing of the certified copy of the Order with the Registrar of Companies.
  • The Board noted the reduction in the face value of the company's equity shares from ₹5 per share to ₹1 per share. This reduction is implemented pursuant to the aforesaid Scheme of Arrangement and Amalgamation and the NCLT Order. The company will proceed with allotment/credit of reduced face value equity shares to eligible shareholders upon receipt of the new ISIN and completion of requisite depository and regulatory formalities.
  • The Board authorized submission of the Certified True Copy of the Board Resolution and all requisite documents to NSDL, CDSL, the Registrar & Share Transfer Agent, and other intermediaries to give effect to the Scheme and implement corporate actions.
  • The Board authorized Mr. Nitin Kedia (Director, DIN: 00050749), and in his absence any Director or the Company Secretary/Compliance Officer, to complete all consequential statutory filings, applications, corporate actions, and correspondences with BSE Limited, SEBI, Depositories, Registrar & Share Transfer Agent, Registrar of Companies, and all other statutory/regulatory authorities in connection with Scheme implementation.
  • The Board ratified and approved all actions, deeds, and things undertaken by the management, officers, and advisors of the company in connection with implementation of the Scheme of Arrangement and Amalgamation and matters incidental thereto.

Management Changes

  • The Board noted the resignation of Ms. Pooja Chaubey as Compliance Officer of the company due to personal reasons.
  • The Board appointed Mr. Abhishek D. Rai (Membership No. 77783) as Company Secretary and Compliance Officer of the company, effective consequent to the resignation of Ms. Pooja Chaubey.

Meeting Details

The Board meeting commenced at 3:00 PM and concluded at 3:30 PM on July 18, 2026, at the Registered Office of the company.