|
| Exchange Disseminated Time 16/12/2016 11:35:46 | Nitin Alloys Global Ltd has informed BSE that the Honorable High Court of Judicature at Bombay had on October 13, 2016 approved the Scheme of Arrangement for demerger of the Castings Business of Nitin Castings Private Limited ('the Demerged Company') into Nitin Alloys Global Limited ('the Resulting Company') and their respective shareholders ("Scheme"). The Company has received the certified copy of the order of the Hon'ble High Court sanctioning the Scheme on December 13, 2016. This Scheme was approved by the Shareholders of the Company at the Court Convened Meeting held on June 20, 2016.
The relevant Form INC-28 for making the Scheme effective has been filed with the Registrar of Companies on December 15, 2016. Accordingly, the Scheme shall be effective from the Appointed Date i.e. April 01, 2015. The Company will also upload the said order on its website. |
|
|