Kirloskar Ferrous Industries acquires controlling interest in ISMT
11th Mar 2022

Kirloskar Ferrous Industries (KFIL) has acquired a controlling interest and holds 51.25 percent of the issued, subscribed and paid up equity share capital of ISMT. Therefore, ISMT has become a subsidiary of KFIL with effect from March 10, 2022 pursuant to the provisions of Section 2(87)(ii) of Companies Act, 2013.

Further, with effect from March 10, 2022, KFIL has been classified as the promoter of ISMT, and will be in sole control of ISMT and the Board of Directors of ISMT has been reconstituted.

Kirloskar Ferrous Industries (KFIL) was formed with the intention of transforming the high quality Pig Iron and Grey Iron casting industry. With a parent company that possesses a rich 130 year manufacturing and engineering legacy, KFIL has been built on a solid foundation of innovation and customer centricity.