The Peria Karamalai Tea & Produce Company Limited (PKTEA) — Corporate Action | 25 April 2026 (2 announcements)

The Peria Karamalai Tea & Produce Company announced the effective date of 25 April 2026 for the amalgamation of Placid Limited into Maharaja Shree Umaid Mills Limited, under which the company will receive 4,81,98,850 new shares of Rs. 10 each, increasing its post-merger stake to approximately 14.8958% of MSUM's paid-up capital.

The Peria Karamalai Tea & Produce Company announced that Placid Limited, a promoter group entity holding 39.43% of its shares, will amalgamate with Maharaja Shree Umaid Mills Limited, transferring its 12,20,606 shares to MSUM. Post-merger, MSUM's direct stake rises to 13,41,881 shares (43.34% of paid-up capital), and through its subsidiary Kiran Vyapar Limited, it gains an additional 8.31% indirect holding, making it the new holding company with a total 51.66% aggregate stake. The transaction is effective from 25 April 2026 following NCLT approval.