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| Exchange Disseminated Time 23/03/2016 17:56:09 | | HBL Power Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 23, 2016, have approved the Scheme of Arrangement and Amalgamation of Beaver Engineering & Holdings Private Limited (‘Beaver’ or Transferor Company’) with HBL Power Systems Limited (‘HBL’ or ‘the Transferee Company’) and their respective shareholders and creditors (herein referred to as the ‘Scheme’). The Scheme shall be subject to approval / sanction by the Hon’ble High Court at Hyderabad (for AP and Telangana) and such other authority, as may be necessary. |
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