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| Exchange Disseminated Time | Jindal Poly Films Ltd has informed BSE that the Hon'ble High Court of Judicature at Allahabad, at its hearing held on May 16, 2013, has sanctioned the Scheme of Demerger of Investment Division of the Company into Jindal Poly Investment and Finance Company Limited.
In this regard, the Hon'ble High Court, at the aforesaid hearing, has pronounced its order, however, the formal order of the High Court is awaited. On receipt of the same, the Company shall deliver to stock exchange a copy of the same. Also, a copy of said formal order of High Court shall be filed with Registrar of Companies. Uttar Pradesh, and upon said filing the Scheme shall become effective. |
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