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| Exchange Disseminated Time | Kriti Industries India Ltd has informed BSE that the Company has received certified true copy of the order of Hon'ble High Court of Madhya Pradesh on January 08, 2010, for approving the Scheme of Arrangement between Kriti Industries (India) Ltd., Kriti Nutrients Ltd. and Kriti Auto & Engineering Plastics Pvt. Ltd. for demerger of solvent division into Kriti Nutrients Ltd. and hiving-off moulding division into Kriti Auto & Engineering Plastics Pvt. Ltd. The appointed date for the same has been fixed as January 01, 2010.
As per the scheme every shareholder of Kriti Industries India Ltd. shall be allotted (8) Eight Shares of Rs. 1/- in Kriti Industries (India) Ltd. and (8) Eight shares of Rs. 1/- each in Kriti Nutrients Ltd. in place of existing (10) ten equity shares of Rs. 1/- each held by them in the Company. |
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