|
| Exchange Disseminated Time | Alembic Ltd has informed BSE that pursuant to the directions issued by the Hon'ble High Court of Gujarat vide order dated August 02, 2010, the meetings of the Secured Creditors, Un-secured Creditors, Shareholders and Fixed Depositors of the Company were convened on September 16, 2010 and at the respective meetings, unanimous approval has been granted to the Composite Scheme of Arrangement in the nature of demerger and transfer of Pharmaceutical Undertaking of Alembic Ltd. to Alembic Pharma Ltd. and consequential re-organization of Share Capital in form of utilization of the Share Premium Account of Alembic Ltd. The Chairman’s report in this regard is being submitted to the Hon'ble High Court of Gujarat.
The said scheme is now subject to requisite approvals and sanctions, inter-alia, of the Hon'ble High Court of Gujarat. |
|
|