| ||Sanction of Scheme of Arrangement | 3/29/2012 4:15:19 PM|| |
| ||Eon Electric Ltd has informed BSE that the Hon'ble Punjab & Haryana High Court at Chandigarh has on March 27, 2012, approved the Scheme of Arrangement ("Scheme") pursuant to Section 391-394 of the Companies Act, 1956 between Eon Electric Limited (Demerged Company) and Advance Metering Technology Limited (Resulting Company) and their respective Shareholders & Creditors with effect from the Appointed Date i.e. April 01, 2011.|
The formal Order of Hon'ble High Court will follow in due course.
Accordingly, the Demerged Company "Eon Electric Limited" shall continue to carry on the existing businesses of Wires & Cables, Wiring accessories, energy efficient Light sources, Luminaires and also foray into new businesses like Lithium ion batteries, mobile phone accessories, fans, water heaters and home automation switches.