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| Exchange Disseminated Time | Gujarat Narmada Valley Fertilizers Company Ltd has informed BSE that the Scheme of Arrangement and Demerger of V-SAT and ISP Gateway Business Division / Undertaking of the Company to ING Satcom Limited has been approved at the respective meetings by the requisite majority of the Shareholders, Secured Creditors and Unsecured Creditors of the Company present at the meeting held on August 31, 2011. The result of the Poll, taken at the aforesaid Meetings, has been reported to the Hon'ble High Court of Gujarat in the form of the Chairman's Report on September 15, 2011.
The Company has submitted to BSE a copy of the Minutes of the Court convened Meeting of the (i) Members (ii) Secured Creditors & (iii) Unsecured Creditors of the Company held on August 31, 2011, in terms of the direction passed by the Hon'ble High Court of Gujarat vide its Order dated July 11, 2011. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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