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| Exchange Disseminated Time | Jayaswal Neco Industries Ltd has informed BSE that the Registrar of Companies, Maharashtra, has pursuant to the Order dated November 13, 2009, sanctioning the Scheme of Arrangement, passed by the Hon'ble High Court at Bombay, Bench at Nagpur.
In terms of the foregoing, the Authorised Share Capital of Rs. 16 Crores of Inertia Iron and Steel Industries Pvt. Ltd. which has been amalgamated with the Company in terms of the Scheme sanctioned by the said Order of the Hon'ble high Court, has been merged with that of the Company.
Accordingly, the Authorised Share Capital of the Company stands enhanced from the existing Rs. 300 Crores to Rs. 316 Crores, divided in Rs. 256 Crores as Equity and Rs. 60 Crores as Preference Share Capital. |
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