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| Exchange Disseminated Time 03/02/2017 17:32:24 | Gokaldas Exports Ltd has informed BSE that the Board of Directors at their meeting held on February 03, 2017 have approved the following;
1. Consequent to the enforcement of Sections 230 to 232 of the Companies Act, 2013 and Notification of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 with effect from December 15, 2016, the scheme of amalgamation approved at the Board Meeting held on September 26, 2016 had to be modified to incorporate changes with respect to section numbers, substitution of Hon'bie High Court of Karnataka by Hon'ble National Company Law Tribunal and certain other minor changes. The Scheme of Amalgamation after these modifications was adopted by the Audit Committee and the Board of Directors in the meeting held on February 03, 2017. The Scheme of Amalgamation approved on February 03, 2017 will be sent to the Stock Exchange shortly.
2. The Board authorized Mr. P Ramababu, Vice Chairman & Managing Director, Mr. Sathyamurthy. A, Chief Financial Officer and Ms. Ramya Kannan, Company Secretary of the Company severally to act in accordance with the directions of the Hon'ble National Company Law Tribunal, Bengaluru Bench to conduct an Extra Ordinary General Meeting or Postal Ballot or e voting pursuant to the provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
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