Sharad Fibres & Yarn Processors Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2016, inter alia, has considered and approved the following; - Notice to convene the Board Meeting as on November 19, 2016, to approve the draft scheme of amalgamation of BST EXPORTS PRIVATE LIMITED (the 'First Transferor Company') and DALMIA EXIM LIMITED (the 'Second Transferor Company ') Wholly owned subsidiaries, with Sharad Fibres and Yarn Processors Limited (the 'Transferee Company'), pursuant to Sections 391 to 394 and other applicable provisions, if any, of the Companies Act, 1956 and the Companies Act, 2013 (to the extent notified).('Scheme'). The meeting commenced on 5:30pm and concluded on 8:15pm Sharad Fibres & Yarn Processors Ltd has informed BSE that on recommendation of the Audit Committee, the Board of Directors at their Meeting held on November 19, 2016 inter alia, has considered and approved the scheme of amalgamation of BST EXPORTS PRIVATE LIMITED, 'First Transferor Company' (Wholly owned subsidiary of Sharad Fibres and Yarn Processors Limited), DALMIA EXIM LIMITED, 'Second Transferor Company' (Wholly owned subsidiary of BST Exports Private Limited) with Shared Fibres and Yarn Processors Limited, 'Transferee Company'. The above proposal is subject to satisfaction of various conditions, including obtaining necessary approvals from the shareholders regulatory authorities including Securities and Exchange Board of India (SEBI), Stock Exchanges and sanction of scheme by the concerned High Court and/or any other appropriate authority as may be necessary. The Scheme of amalgamation as approved in this board Meeting shall be filed with the Stock Exchange in compliance with the provisions of Regulation 37 of the SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated on 19.11.2016) Sharad Fibres & Yarn Processors Ltd has informed BSE regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'. (As Per BSE Announcement Dated On 02/11/2016)