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| Exchange Received Time 01/06/2018 21:45:37 Exchange Disseminated Time 01/06/2018 21:45:41 Time Taken 00:00:04 | The Board has considered a proposal for realign and reorganize certain business activities of the Company to have better focus and faster execution of projects. The company has executed several projects either directly or through its subsidiaries / SPVs and there are very large numbers of projects at various locations. The Board assessed the opportunities and decided to go for restructuring through scheme of Arrangement for Demerger of the Company under the Companies Act, 2013 which will enable the Company to carry out the business activities with greater focus . This will enable the Company to follow and adopt the varied business strategies to maximize the value for stakeholders.
Board has constituted a Committee comprised of two directors, Shri Amit Sarin and Shri Amar Sarin to examine all relevant aspects of the processes of this internal reorganization and make suitable recommendation to the Board. This Committee will submit the Scheme before the Board within next 20 days.
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