National Fittings Ltd — Important, 22-05-2026: Company Update

National Fittings Limited's Board approved the merger of Avisa Private Limited and Banil Casting Private Limited into the company. This strategic move aims to boost manufacturing capacity, streamline operations, and integrate facilities, including a new Gujarat site and advanced foundries. Avisa had assets of INR 4.56 Cr, and Banil, with assets of INR 78.80 Cr and turnover of INR 62.60 Cr, will strengthen NFL's supply chain and R&D. Avisa shareholders will receive 103,098 NFL shares for every 1000 Avisa shares, while Banil shareholders get 472 NFL shares for every 1000. Post-merger, promoter holding will increase to 63.02%. The scheme is subject to necessary approvals.