Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform you that the Board of Directors at their meeting held today, has inter alia, approved the Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics Private Limited ('Transferor Company'), wholly owned subsidiary of the Company with Asian Paints Limited ('Transferee Company') in accordance with the provisions of Companies Act, 2013 and other applicable laws.
The aforesaid amalgamation is subject to necessary statutory and regulatory approvals, including approval of the National Company Law Tribunal, Mumbai.
The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2O15 dated 9th September, 2015 are enclosed.
We refer to our letter dated 22nd January, 2020, wherein the Company had informed the Stock Exchange(s) that the Board of Directors at their meeting held on 22nd January, 2020, had inter alia, approved the Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics Private Limited, wholly owned subsidiary of the Company ('Transferor Company') with the Company, subject to necessary statutory and regulatory approvals, including approval of the National Company Law Tribunal, Mumbai.
Accordingly, we enclose the below mentioned documents for the purpose of disclosure:
Certified True Copy of Scheme of amalgamation of Transferor Company with the Company.
Certified True Copy of the Resolution passed by the Board of Directors of Asian Paints Limited at their meeting held on 22nd January, 2020, approving the aforesaid Scheme.
This is for your information and record.
(As Per BSE Announcement Dated 12.02.2020)
This is in continuation to our letter no. APL/SEC/20/223 dated 22nd January, 2020 wherein the Company had intimated of the Scheme of Amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics Private Limited, wholly owned subsidiary of the Company, with Asian Paints Limited ('the Company') ('Scheme').
In this regard, we wish to inform you that the Mumbai Bench of the National Company Law Tribunal, vide its Order dated 2nd September, 2021 received on 9th September, 2021, has granted its approval for the Scheme. The Appointed Date for the Scheme is 1st April, 2019 and it would be effective from the date of filing of the Order with the Registrar of Companies, Maharashtra at Mumbai.
The details under Regulation 30 of the Listing Regulations read with Clause 1.2 of Annexure I of the SEBI Circular dated 9th September, 2015 have been submitted to the Stock Exchanges vide our earlier letter dated 22nd January, 2020.
We request you to kindly take the above information on record.
(As Per BSE Announcement Dated on 10.09.2021) | Powered by Capital Market - Live News |
|