|
| Exchange Received Time 19/02/2018 17:29:52 Exchange Disseminated Time 19/02/2018 17:29:56 Time Taken 00:00:04 | A meeting of the Board of Directors of Godawari Power and Ispat Limited ('Transferee Company)') was held today (i.e.19th February,2018). The outcome of the said meeting is as given hereunder:
The Board of Directors of the Company has approved a Scheme of Amalgamation ('Scheme') pursuant to section 230 to 232 of the Companies Act, 2013 for amalgamation of M/s. Jagdamba Power & Alloys Limited (Transferor Company) into M/s. Godawari Power & Ispat Limited.
The valuation report has been given by Bansi S. Mehta & Co., Chartered Accountants and fairness opinion by independent Merchant Banker Equirus Capital Private Limited.
The proposed Scheme is subject to the approval of Stock Exchanges, Shareholders of the both Companies and their respective lenders/creditors and the National Company Law Tribunal and all other applicable statutory authorities.
Other detail as per attached letter.
|
|
|