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| Exchange Disseminated Time | Hikal Ltd has informed BSE that Hon'ble High Court of Judicature at Bombay has approved the Scheme of Arrangement
between Acoris Research Limited (“Acoris”) and Hikal Limited (“Hikal” or “the Company”) and their respective shareholders and creditors for demerger of Research Business Undertaking of Acoris (a wholly owned subsidiary of Hikal) vide Order dated March 30, 2012, certified copy of which was made available on May 02, 2012.
Certified copy of the order as referred above, Sanctioning the scheme from April 01, 2012, being the appointed date has been filed electronically with the Registrar of Companies, Maharashtra, Mumbai on May 10, 2012. Thus, the scheme has become effective from May 10, 2012.
Accordingly, Research Business Undertaking of Acoris has been demerged with Hikal Ltd. |
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