TL;DR
CIE Automotive India's Board approved the merger of its subsidiary CIE Aluminium Casting to achieve operational synergies and eliminate inter-company transactions.
CIE Automotive India Limited's Board of Directors has given its approval for the merger of its wholly-owned subsidiary, CIE Aluminium Casting India Limited, on April 23, 2026. This strategic move involves an absorption merger carried out under the provisions of the Companies Act, aiming to streamline operations and enhance efficiencies within the group.
The merger is expected to yield significant production synergies and operational efficiencies, while also eliminating inter-company transactions. This restructuring will not impact the shareholding patterns of CIE Automotive India. For the year 2025, CIE Aluminium Casting India Limited reported a turnover of ₹11,728 million and a net profit of ₹948 million, contributing to the parent company's turnover of ₹48,964.02 million.
