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NCLT approves merger of Kirloskar Ferrous subsidiaries

after close1 source ↓written by the desknot a recommendation

dated
17 March 2026

The National Company Law Tribunal (NCLT) Mumbai has approved a merger scheme for Kirloskar Ferrous Industries involving its wholly owned subsidiaries, Oliver Engineering and Adicca Energy Solutions. The order, dated 17 March 2026, dispensed with shareholder and creditor meetings, streamlining the merger process. This consolidation may enhance operational efficiency and market positioning for Kirloskar Ferrous.

• Regulatory approval received

• Merger date: 17 March 2026

• Subsidiaries involved: OEPL, AESPL

Traders may watch for potential impacts on Kirloskar Ferrous' stock performance following this significant restructuring.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 Mar 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

KIRLOSIND closed +0.1% on the day of the news, from ₹2,733.40 to ₹2,735.80; Nifty +0.5% over the same session.

Bulletin at 16:05 IST on 19 Mar 2026. Every change is measured from ₹2,733.40, the last close before it, on 19 Mar. Nifty 50 is measured over the same sessions.

  • KIRLOSIND close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
KIRLOSIND closes around the bulletin against the close before the news, with Nifty 50 rebased to it226027333207axis spans 42%before the news · 19 Mar2733Nifty 50KIRLOSINDbulletinD0+1+3+513 Mar25 Mar8 AprReference close ₹2,733.40. 16 sessions from 13 Mar to 8 Apr; the price axis spans 42 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before19 Mar₹2,733.40basebase
On the day20 Mar₹2,735.80▲ +0.1%▲ +0.5%−0.4 pp difference
+1 session23 Mar₹2,631.50▼ −3.7%▼ −2.1%−1.6 pp difference
+3 sessions25 Mar₹2,729.10▼ −0.2%▲ +1.3%−1.5 pp difference
+5 sessions30 Mar₹2,472.40▼ −9.6%▼ −2.9%−6.6 pp difference
Gap at the open, % · ₹
0.0%0.00 on 20 Mar
Day's range, % · ₹
3.3%≈ 91 high to low
Volume on the day
1.12×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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