Ceigall India Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

Ceigall India has announced a board meeting outcome approving the merger of its wholly owned subsidiary, Ceigall Infra Projects Pvt Ltd (CIPPL), with C & C Construction Ltd, a company under liquidation slated for revival. CIPPL reported a turnover of Rs 1149.55 million and net worth of Rs 637.92 million as of March 2025. Post-merger, Ceigall India will hold up to 95% in C & C Construction, later reducing to 75% by selling shares. The merger aims to streamline operations and enhance growth. Approval from the National Company Law Tribunal is awaited.