MM Forgings Share Price in Focus; Receives NCLT Approval for Amalgamation with DVS Industries 

The National Company Law Tribunal (NCLT) Chennai Bench has approved the amalgamation of DVS Industries Private Limited, a wholly-owned subsidiary, with its holding company, MM Forgings Limited. This approval was granted through an order pronounced on June 19, 2026. 

Details of the Amalgamation Scheme 

According to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the scheme of amalgamation involves DVS Industries Private Limited as the transferor company and MM Forgings Limited as the transferee company. The scheme has been approved under Sections 230 to 232 of the Companies Act, 2013. 

The order was uploaded online by the NCLT on June 29, 2026. MM Forgings Limited is in the process of obtaining certified copies of the order to notify stock exchanges and update the company's website. 

Next Steps for Implementation 

The scheme will come into effect once the certified copies of the NCLT orders are filed with the Registrar of Companies, Ministry of Corporate Affairs.  

Additional conditions outlined in Clause 3.5 of the scheme must also be fulfilled. Upon filing, DVS Industries Private Limited will be dissolved. 

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M M Forgings Share Price Performance 

As of June 30, 2026, at 2:41 PM, M M Forgings share price on NSE was trading at ₹456.40, up by 0.03% from the previous closing price. 

Conclusion 

The NCLT's approval of the amalgamation between DVS Industries Private Limited and MM Forgings Limited marks a significant step in the corporate restructuring process. The scheme will be effective post-filing with the Registrar of Companies, leading to the dissolution of the transferor company. 

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