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| Exchange Received Time 03/11/2018 13:39:58 Exchange Disseminated Time 03/11/2018 13:40:07 Time Taken 00:00:09 | The Board of Directors of Alembic Limited at its meeting held today has:
a) Approved the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2018; and
b) On recommendation of the Audit Committee, considered and approved Composite Scheme of Arrangement ('Scheme') for the transfer and vesting of the Identified Real Estate Undertaking of Alembic Limited ('the Company' or 'the First Demerged Company'), comprising of a real estate development project along-with related real estate interest and Project Management Consultancy business into Shreno Limited ('the First Transferee Company' or 'the Second Demerged Company') and transfer and vesting of Engineering Division and Investment Division of Shreno Limited into Nirayu Private Limited ('the Second Transferee Company') and their respective shareholders with effect from the Appointed Date i.e. 1st November 2018. |
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