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| Exchange Received Time 15/05/2018 16:25:05 Exchange Disseminated Time 15/05/2018 16:25:08 Time Taken 00:00:03 | In accordance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Audit Committee & Board of Directors of the Company in their meeting to be held on 30th May, 2018 will consider, a Scheme of Arrangement between the Company and Archidply Décor Limited under section 230 to 232 of the Companies Act, 2013, for demerger and vesting of ''Chintamani Unit of the Company to Archidply Décor Limited.
The above said Scheme will be subject to the approval of SEBI, Stock Exchanges, shareholders, creditors, the National Company Law Tribunal, and other regulatory authorities, as applicable.
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