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| Exchange Disseminated Time 09/05/2016 16:24:45 | Hindustan Everest Tools Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 18, 2016, to Consider and pass a resolution required for giving mandate to M/s Grant Thornton India LLP, New Delhi and fix their remuneration /fee for consultation /valuation and to draw up, finalize and assist in implementation of a scheme of restructuring/internal reorganization by way of splitting the company into two independent entities in terms of the settlement agreed vide MOD dated March 03, 2016 filed thorough joint application by the promoters before Company law Board , New Delhi in Company Petition No. 131(ND) 2015 with a view to end the dispute arisen between the promoter director of the company subject to approvals as required under applicable laws.
Further, the trading window pursuant to "code of internal procedures and conduct for regulating, monitoring and reporting of trading by insiders" framed pursuant to SEBI( Prohibition of Insider Trading Regulations') 2015 will remain closed from May 10, 2016 to May 20, 2016 (both days inclusive). |
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