|
| Exchange Received Time 29/12/2017 12:41:57 Exchange Disseminated Time 29/12/2017 12:42:03 Time Taken 00:00:06 | We hereby inform you that the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench at Chandigarh vide its Order Dated 22nd December, 2017, has sanctioned the Composite Scheme of Arrangement amongst HB Stockholdings Limited (HBSL), HB Portfolio Limited (HBPL) and HB Estate Developers Limited (HBEDL) and their respective Shareholders and Creditors under Sections 391 to 394 read with Section 100 to 104 of the Companies Act, 1956, with effect from the Appointed Date(s) as mentioned in the Scheme.
The Company shall submit the necessary documents pursuant to SEBI Circular No. CIR/CFD/CMD/16/2015 dated November 30, 2015, on receipt of certified true copy of the formal order from the Hon'ble NCLT.
The above may please be treated as compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III of said Regulations.
Please take the aforesaid information on record.
|
|
|