Desktop Site
|
28 Mar 24 | 16:00
|
Close
Equity
SME
Eq Drv
Currency
Commodity
Corporates
Watch List
Get Quote
Notices
|
S&P
BSE SENSEX
73,651.35
+655.04
+0.90 %
Corporate Announcement
Security Code
532670
Company
Shree Renuka Sugars Ltd
Exchange Received Time
10/11/2019 15:48:11
Exchange Disseminated Time
10/11/2019 15:48:16
Time Taken
00:00:05
Announcement under Regulation 30 (LODR)-Scheme of Arrangement |
11/10/19 15:48
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 and other applicable laws, we inform you that the Board of Directors of the Company (Board) has, at its meeting held today i.e. 10th November 2019, inter-alia, considered and given its in-principle approval for the merger of Gokak Sugars Limited, a subsidiary of the Company, with the Company, subject to necessary approvals.
The draft scheme of merger (Scheme) (along with a valuation report by a registered valuer, fairness opinion prepared by an independent SEBI registered merchant banker, the report of the audit committee of the Company, and other requisite documents) shall be placed before the Board for its consideration and approval at a subsequent meeting.
The Scheme, if subsequently approved by the Board, shall be subject to all requisite approvals, disclosures and other compliances in accordance with the Companies Act, 2013, the LODR Regulations and other applicable laws.
Attachment
<< Back
Recently Viewed