Kiran Vyapar Associate Placid Merged via NCLT Scheme

Kiran Vyapar Limited's 29.7%-held associate Placid Limited ceased to exist effective 25 April 2026 after NCLT sanctioned its amalgamation with Maharaja Shree Umaid Mills Limited.
The company will receive 515 equity shares of MSUM (Rs. 10 each) for every 1 equity share (Rs. 100) it held in Placid Limited as merger consideration.
Placid Limited contributed Rs. 53.88 crores (26.26%) to turnover and Rs. 459.77 crores (20.97%) to net worth as of 31 March 2025.
The transaction is classified as a related party transaction but was conducted at arm's length per the NCLT-approved scheme.