BKT Tyres-Balkrishna Industries merger approved by NCLT

Balkrishna Industries (BALKRISIND) announced that the National Company Law Tribunal (NCLT), Mumbai Bench, approved the scheme of amalgamation between BKT Tyres Limited, a wholly-owned subsidiary, and Balkrishna Industries. The Tribunal Order, dated March 25, 2025, sanctions the merger under Sections 230 to 232 of the Companies Act, 2013. The appointed date for the scheme is April 1, 2024, with effectiveness contingent upon regulatory filings. Upon the scheme taking effect, BKT Tyres will dissolve and cease to be a subsidiary. The company noted that the merger aims to streamline corporate structure, consolidate assets, and enhance financial support. Balkrishna Industries has confirmed compliance with relevant regulations and directives from regulatory bodies.