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| Exchange Disseminated Time | | Manaksia Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2013, inter alia, has considered and approved amendments to the Draft Scheme of Arrangement (“Scheme"), under Section 391 to 394 of the Companies Act 1956, filed with SEBI and Stock Exchanges for approval, wherein amongst others, the appointed date has been changed from April 01, 2013 to October 01, 2013 for demerger of the Aluminium, Steel, Packaging and Coated Metals & Mosquito Coil undertakings on a going-concern basis into four wholly owned subsidiary companies namely Manaksia Aluminium Company Ltd., Manaksia Steels Ltd., Manaksia Industries Ltd. and Manaksia Coated Metals & Industries Ltd. The Revised Scheme incorporating the amendments as approved by the Board would be submitted for approval to SEBI and Stock Exchanges in compliance with Listing Agreement and in compliance with SEBI circular dated May 21, 2013 read with circular dated February 04, 2013. |
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