Merger Related Disclosures

In their meeting held on 31-03-2016, board of directors had approved the scheme of amalgamation of Mcnally Bharat Engineering Company Ltd, Mcnally Sayaji Engineering Ltd, and EMC Ltd with Kilburn Engineering Ltd.

But later, in their meeting held on 14-12-2016, the board of directors decided not to proceed with the above mentioned scheme due to substantial change in business environment.