(18-Apr-2013 Hours IST)
Crompton Greaves Ltd has informed BSE about the following: Merger of CG-ZIV Power Automation Solutions Ltd. The Board of Directors have approved a Scheme of Amalgamation of CG-ZIV Power Automation Solutions Limited (a wholly owned subsidiary) with Crompton Greaves Limited. The amalgamation will be effective from April 01, 2013 (Appointed Date), subject to receipt of all Regulatory approvals. Crompton Greaves Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2014, Further, the Board of Directors have approved a Scheme of Amalgamation of CG-ZIV Power Automation Solutions Limited and CG Energy Management Ltd (wholly owned subsidiaries) with Crompton Greaves Limited. The amalgamation will be effective from April 01, 2014 (Appointed Date), subject to receipt of all Regulatory approvals. (As per BSE Announcement Dated on 29.01.2014) Crompton Greaves Ltd has submitted to BSE the copies of the notice published in the newspapers on November 28, 2014 with respect to Notice of hearing of Petition for sanctioning the Scheme of Amalgamation of CG Energy Management Limited and CG-ZIV Power Automation Solutions Limited with the Company and their respective shareholders. (As Per BSE Announcement Dated on 28.11.2014) Crompton Greaves Ltd has informed BSE that the Honourable High Court of Judicature at Bombay has sanctioned the Scheme of Amalgamation of CG Energy Management Limited ('CGEML' or 'the Transferor Company No 1'), CG-ZIV Power Automation Solutions Limited ('CG-ZIV or 'the Transferor Company No 2') 100% subsidiaries, with Crompton Greaves Limited ('the Transferee Company or the Company'), the holding company. The High Court Order has been filed with the Registrar of Companies, Mumbai and the Scheme has become effective on March 25, 2015; the Appointed Date being April 01, 2014. The amalgamation of CGEML and CG-ZIV with the Company has resulted into increase in the Authorised Share Capital of the Company by Rs. 46,60,00,000/- comprising 23,30,00,000 equity shares of Rs 2/- each. Since CGEML and CG-ZIV are 100% subsidiaries of the Company, the entire paid up share capital of CGEML and CG-ZIV would be cancelled and the Transferor Companies stands dissolved without winding-up. (As per BSE Announcement Dated on 25.03.2015)
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