Kriti Industries (India) Limited — Board Meeting, 09-11-2024: Outcome of Board Meeting

Kriti Industries (India) Limited's Board of Directors has approved the draft Scheme of Amalgamation with its wholly-owned subsidiary, Kriti Auto & Engineering Plastics Pvt. Ltd. The merger aims to simplify the group structure, achieve cost savings, and enhance operational efficiencies. No cash consideration is involved, and necessary regulatory approvals will follow. This strategic move consolidates their business operations, as the subsidiary has ceased operations.