Corporate Announcement
Security Code : 530117    Company : PRIVISCL    
 
Announcement under Regulation 30 (LODR)-Scheme of ArrangementDownload PDF Download XBRL
  Exchange Received Time  22/05/2019 17:09:10         Exchange Disseminated Time   22/05/2019 17:09:14              Time Taken   00:00:04
In compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, we wish to inform that the Board of Directors of Fairchem Speciality Limited at its meeting held today i.e. May 22, 2019, have, inter alia, considered and approved a composite scheme of arrangement and amalgamation amongst Fairchem Speciality Limited ('Company' or 'Demerged Company' or 'Transferee Company'), Fairchem Organics Limited ('Resulting Company') and Privi Organics India Limited ('Transferor Company') and their respective shareholders ('Scheme').

The aforesaid Scheme pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with the rules framed thereunder and SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017, as amended from time to time, provides inter alia for

 

Disclaimer

Back To Announcements