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| Exchange Disseminated Time 09/08/2016 10:06:15 | Jindal Saw Ltd has informed BSE that the Hon'ble High Court of Judicature at Allahabad has approved the Composite Scheme of Arrangement among Jindal Saw Limited, JITF Infralogistics Limited, JITF Shipyards Limited and JITF Waterways Limited and their respective shareholders and creditors (the "Scheme of Arrangement") vide their Order dated July 08, 2016 (certified true copy received on August 02, 2016 received by the Company on August 04, 2016 through counsel). The certified copy of the above order has been filed with the Registrar of Companies, Uttar Pradesh on August 05, 2016 under the provision of section 394(3) of the Companies Act, 1956.
Accordingly, the Board would consider to fix Record Date in its forthcoming Board Meeting to be held on August 12, 2016 as per SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for ascertaining the names of shareholders to whom the shares of JITF Infralogistics Limited would be allotted to the shareholders of the Company as per the above Scheme. |
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