Ramkrishna Forgings has announced the cessation of two of its subsidiaries following the approval of a Scheme of Amalgamation by the National Company Law Tribunal (NCLT), Kolkata Bench. The scheme involves the merger of Mal Metalliks Private Limited and Multitech Auto Private Limited with Ramkrishna Casting Solutions Limited.
The NCLT sanctioned the scheme on 27 February 2026, and the certified order was filed with the Registrar of Companies, Kolkata, on 25 March 2026. Consequently, the scheme became effective from the same date. As a result, both Mal Metalliks and Multitech Auto have been dissolved without winding up and are no longer subsidiaries of Ramkrishna Forgings.
The appointed date for the amalgamation, as per the scheme, is 1 January 2024. This merger aligns with the provisions of Sections 230 to 232 of the Companies Act, 2013, and the rules framed thereunder.
The information regarding the cessation of subsidiaries is available on the official website of Ramkrishna Forgings.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).