MM Forgings Limited — JV/Acquisition, 30-06-2026: Amalgamation/Merger

NCLT has approved the amalgamation of DVS Industries Private Limited, a wholly-owned subsidiary, with M M Forgings Limited. This strategic move aims for operational synergies, cost optimization, and a simplified corporate structure. As DVS is a wholly-owned subsidiary, no new shares will be issued, ensuring no dilution for existing M M Forgings shareholders. The merger will consolidate DVS's authorized share capital of 2.50 Cr into M M Forgings', increasing its authorized capital to 53.50 Cr. The scheme takes effect upon filing the certified order with the Registrar.