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| Exchange Disseminated Time | Punjab Chemicals & Crop Protection Ltd has informed BSE that Hon'ble High Court of Punjab & Haryana at Chandigarh and Hon'ble High Court of Gujarat at Ahmedabad have approved the scheme of amalgamation of Parul Chemicals Limited (PCL) with Punjab Chemicals and Crop Protection Limited (PCCPL) vide orders dated March 11, 2011 and March 23, 2011 respectively. Form 21 for submission of Court orders have also been successfully filed with the Registrar Of Companies (ROC) Gujarat on March 25, 2011 and with ROC Chandigarh on March 26, 2011.
Further, the Company has informed that, the Effective Date of amalgamation is March 26, 2011 However, the Appointed Date shall remain as April 01, 2009.
Further, the Company will soon begin the process of issuing of Equity shares to the shareholders of PCL as per the exchange ratio approved by the Hon'ble High Courts. |
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