Trent Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2013, has approved the Scheme of Amalgamation and Arrangement (The Scheme') between Landmark Limited (andmark'), Fiora Link Road Properties Limited (iora') and Trexa ADMC Private Limited (¶rexa') with the Company under the applicable provisions of the Companies Act, 1956, after considering the recommendation of the Audit Committee. The Appointed Date for the merger shall be April 01, 2013.
The entire paid-up equity share capital of Landmark, Fiora and Trexa is wholly owned by the Company, either directly or indirectly through its wholly owned subsidiary, hence, no shares of the Company will be issued and allotted pursuant to the proposed Scheme.
The Scheme is approved by the Board of Directors subject to the requisite approval of the members and/ or creditors as may be directed by the High Court of Judicature at Bombay and subject to all such requisite approvals from the relevant regulatory authorities and sanction of the High Court of Judicature at Bombay.
Trent Ltd has informed BSE that the Company has received all the other regulatory approvals, pursuant to the Scheme of Amalgamation and Arrangement between Landmark Limited, Fiora Link Road Properties Limited and Trexa ADMC Private Limited with Trent Limited, has become effective.
(As Per BSE Announcement Dated on 24.04.2014)
Trent Ltd has announced the following results for the quarter ended December 31, 2014:
The Unaudited Standalone results for the Quarter ended December 31, 2014
The Company has posted a net profit of Rs. 160.316 million for the quarter ended December 31, 2014 where as the same was at Rs. 234.888 million for the quarter ended December 31, 2013. Total Income is Rs. 3676.638 million for the quarter ended December 31, 2014 where as the same was at Rs. 2942.500 million for the quarter ended December 31, 2013.
'The Scheme of Amalgamation of Landmark Limited [Landmark], Fiora Link Road Properties Limited [Fiora] and Trexa Admc Pvt Ltd [Trexa] with the Company as approved by the Hon'ble High Court of Judicature at Bombay vide its order dated March 21, 2014, has become effective on April 23, 2014 upon obtaining all sanctions and approvals as required under the scheme and upon filing of certified true copies of the order with the Registrar Of Companies, Maharashtra. The appointed date of the scheme is April 01, 2013. Pursuant to the scheme becoming effective, the entire business including all assets, liabilities, duties and obligations of Landmark, Fiora and Trexa have been vested in the company with effect from April 01, 2013. The effect of the merger has been given in the accounts in the quarter ended March 31, 2014. Accordingly, the results of the Company for the quarter and period ended December 31, 2014 include the results of Landmark, Fiora and Trexa and are not comparable with the corresponding quarter and period of the previous year which do not include results of Landmark, Fiora and Trexa.'
(As Per BSE Announcement dated on 29/01/2015)
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