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| Exchange Disseminated Time | With reference to the earlier announcement dated February 10, 2012 regarding the Scheme of Arrangement approved by the Board of Directors of the Company at their meeting held on February 10, 2012, Harrisons Malayalam Ltd has now informed BSE that the Board of Directors of the Company vide circular resolution passed on May 31, 2012 have approved the amendment to the share entitlement ratio as under:
"For every 1 (one) fully paid up equity share of Rs. 10 each held by shareholders in the Company, 1 (one) equity share of Rs. 7 each will be issued and allotted in HPL"
The Scheme is subject to the consent or approval of the requisite majority of the shareholders, the Hon'ble High Court of Kerala at Ernakulam and other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme. |
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