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| Exchange Disseminated Time | | Gandhimathi Appliances Ltd has informed BSE that the Members of the Company at its Extra Ordinary General Meeting (EGM) of the Company held on September 09, 2010, inter alia, accorded approval to the Scheme for the purpose of merger of GAL with the Company and the Company to acquire the rights, obligations, assets, liabilities and the entire undertaking of GAL from the effective date of merger as per the sanctioned Scheme, subject to approval of the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) and subject to the Scheme of Merger between Gangadharam Appliances Ltd (GAL - 'Transferor Company') and the Company (Transferee Company') being sanctioned by Hon'ble BIFR, as per draft Scheme of Merger ('Scheme') submitted by GAL to BIFR, with such modifications and conditions, as may be stipulated by the Hon'ble BIFR while sanctioning the Scheme, subject to necessary provisions and approvals. |
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