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| Exchange Received Time 09/02/2018 13:29:36 Exchange Disseminated Time 09/02/2018 13:29:41 Time Taken 00:00:05 | | In terms of requirement of Clause 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), it is informed that the Board of Directors of the Sona Koyo Steering Systems Limited ('Company'), has in its meeting held today, based on the recommendations of the Audit Committee, approved the amalgamation of JTEKT Sona Automotive India Limited (a joint venture between the Company and its majority shareholder, JTEKT Corporation) with the Company by way of and in accordance with a scheme of amalgamation as per the provisions of Sections 230-232 and any other applicable provisions of the Companies Act, 2013 (hereinafter referred to as 'Scheme'). The aforesaid Scheme is subject to various regulatory and other approvals and sanction by NCLT. Disclosure in terms of Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed herewith as Annexure A. |
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