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| Exchange Disseminated Time 31/08/2016 18:19:23 | Indo Rama Synthetics (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 31, 2016, inter alia, has transacted the following:
1. Appointment of Independent Director:
The Board has approved the appointment of Dr Arvind Pandalai, as Independent Director with effect from August 31, 2016.
2. Scheme of Amalgamation:
The Board has approved the Scheme of Amalgamation of Indo Rama Renewables Limited (100% Wholly Owned Subsidiary Company) and its two 100% step-down Subsidiary Companies, i.e., Indo Rama Renewables Porbandar Limited and Indo Rama Renewables Ramgarh Limited (Transferor Companies) with Indo Rama Synthetics (India) Limited (Transferee Company).
The proposed Scheme will be subject to all necessary permissions and approvals as may be required. |
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