Kirloskar Electric (KECL) is progressing with its corporate simplification.

The NCLT Bengaluru has issued an order for merging four wholly-owned subsidiaries (KELBUZZ Trading, Luxquisite Parkland, SLPKG Estate Holdings, SKG Terra Promenade) into KECL, effective April 1, 2024. The company will now notify various authorities and publish the merger details in national newspapers.

Authorities have 30 days to respond.

This move aims to streamline KECL's structure, potentially enhancing operational efficiency for investors.