Ramkrishna Forgings Limited confirmed the effective date of its Scheme of Amalgamation, sanctioned by the NCLT Kolkata Bench on February 27, 2026. Effective March 25, 2026, two transferor companies, Mal Metalliks Private Limited and Multitech Auto Private Limited, dissolved without winding up. This cessation occurred as they were legally absorbed into the Transferee Company, Ramkrishna Casting Solutions Limited, based on the Appointed Date of January 01, 2024.
Scheme of Amalgamation Becomes Effective
Ramkrishna Forgings Limited has formally announced that the Scheme of Amalgamation, involving its step-down and wholly owned subsidiaries, has become effective from the close of business hours on March 25, 2026. This follows the sanctioning order issued by the Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench, on February 27, 2026, pursuant to the provisions of the Companies Act, 2013.
Cessation of Transferor Entities
The Scheme involves the amalgamation of two entities:
- Transferor Company No. 1: Mal Metalliks Private Limited (a step-down wholly owned subsidiary).
- Transferor Company No. 2: Multitech Auto Private Limited (a wholly owned subsidiary).
Both Transferor Companies have been merged into Ramkrishna Casting Solutions Limited (formerly JMT Auto Limited), the Transferee Company, which is also a wholly owned subsidiary of Ramkrishna Forgings Limited.
Impact and Effective Dates
The filing of the certified copy of the NCLT Order via e-form INC-28 with the Registrar of Companies, Kolkata, took place on March 25, 2026, confirming the Scheme’s activation. Crucially, the Appointed Date for the amalgamation, as defined within the Scheme, is January 01, 2024.
Consequent to the scheme becoming effective, both Transferor Company No. 1 and Transferor Company No. 2 stand dissolved without winding up and have ceased to be subsidiaries of Ramkrishna Forgings Limited, effective March 25, 2026.
Regulatory Compliance
This intimation is made in compliance with Regulation 30 of the SEBI LODR Regulations, 2015. Further details regarding this corporate restructuring are made available on the company’s official website, www.ramkrishnaforgings.com.
Source: BSE
