Corporate Announcement
Security Code : 530185    Company : SURATRAML    
 
Announcement under Regulation 30 (LODR)-Scheme of ArrangementDownload PDF Download XBRL
  Exchange Received Time  10/09/2019 17:52:35         Exchange Disseminated Time   10/09/2019 17:52:38              Time Taken   00:00:03
The Board of Directors of Surat Textile Mills Limited ('the Company'), has upon consideration of the recommendations of audit committee approved the Scheme of Arrangement ('Scheme') under Sections 230 to 232 of the Companies Act, 2013 between Vareli Trading Company Limited ('VTCL' or 'Transferor Company') and the Company ('STML' or 'Transferee Company') which provides for amalgamation of VTCL with STML.

The disclosure in respect of the Scheme as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 is enclosed as Annexure A.
 

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