The Peria Karamalai Tea & Produce Company Limited (PKTEA) — Corporate Action

1 Corporate Action 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Placid Limited to amalgamate with Maharaja Shree Umaid Mills Limited, transferring promoter shareholding.

🔄 What Changed
Maharaja Shree Umaid Mills Limited's direct shareholding increases to 43.34% and indirect holding adds 8.31%, resulting in a total 51.66% aggregate stake, making it the new holding company.

💡 Investor Takeaway
Shareholders will see promoter control shift to Maharaja Shree Umaid Mills Limited with no change in management or company operations.

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.

2 Corporate Action 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Acquisition of Maharaja Shree Umaid Mills Limited shares via scheme of amalgamation

🔄 What Changed
Post-merger shareholding increases to 4,82,01,008 shares representing 14.8958% of MSUM's capital

🔮 What's Next
None

💡 Investor Takeaway
Shareholders gain indirect exposure to MSUM through the new equity allocation.

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.

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