(24-Apr-2015 Hours IST)
Hinduja Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 24, 2015, has approved, subject to necessary approvals as may be required, the amalgamation of IDL Speciality Chemicals Ltd a Wholly Owned Subsidiary of the Company with the Company and appointed date is April 01, 2015. Hinduja Ventures Ltd has informed BSE that on October 30, 2015, the Hon'ble High Court Judicature at Bombay, in the matter of Company petition no CSP 756 of 2015 with CSP 757 of 2015, has approved and sanctioned the Scheme of Amalgamation of IDL Specialty Chemicals Limited (Transferor Company - a wholly owned subsidiary Company) in to Hinduja Ventures Limited. The Company has applied for the certified copy of the order. The same will be submitted to the exchanges once issued by the High Court. (As Per BSE Announcement Dated on 31.10.2015) With reference to the earlier announcement dated October 31, 2015, regarding Intimation about approval of Scheme of Amalgamation, Hinduja Ventures Ltd has now informed BSE that the Company has received order on November 24, 2015. The Company had earlier intimated to vide letter dated October 30, 2015 that the Hon'ble High Court judicature at Bombay, in the matter of Company petition no CSP 756 of 2015 with CSP 757 of 2015, has approved and sanctioned the Scheme of Amalgamation of lDL Specialty Chemicals Limited [IDL] (Transferor Company - a wholly owned subsidiary Company) in to Hinduja Ventures Limited [HVL]. The Company and IDL Speciality Chemicals Limited filed Form No. INC-28 with Ministry of Corporate Affairs on November 25, 2015. Accordingly, the Scheme of Amalgamation has now come into effect. (As Per BSE Announcement Dated on 25.11.2015)
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