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| Exchange Disseminated Time | Virat Crane Industries Ltd has informed BSE that the Company has received a certified true copy of the final order from Hon'ble High Court of Andhra Pradesh on April 06, 2010 approved the Composite Scheme of Arrangement between the Company, Crane Infrastructure Ltd. and their respective Shareholders and Creditors, for demerger of the Real Estate and Infrastructure Business undertaking of the Company and transfer / vesting of the said undertaking in favor of Crane Infrastructure Ltd and also the merger of Durga Dairy Ltd. with Virat Crane Industries Ltd. with effect from April 01, 2007 (Appointed Date).
Further the Company has informed that, the aforesaid Scheme of Arrangement has become effective on April 23, 2010, upon filing of the said order of Hon'ble High Court of Andhra Pradesh with the Registrar of Companies, Andhra Pradesh, Hyderabad. |
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