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| Exchange Disseminated Time 22/04/2016 18:31:00 | | International Paper APPM Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 22, 2016, approved a Scheme of Arrangement amongst the Company and the Members of the Company pursuant to the provisions of Sections 391 to 394 of Companies Act, 1956 which envisages transfer of entire amount of Rs. 288.76 crores lying in the General Reserve as of March 31, 2016 to Profit & Loss Account of the Company subject to the consent by the Members, Stock Exchanges, Hon'ble High Court of Andhra Pradesh and Telangana or National Company Law Tribunal and other statutory Authorities. |
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