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| Exchange Received Time 20/03/2019 18:18:41 Exchange Disseminated Time 20/03/2019 18:18:49 Time Taken 00:00:08 | We would like to inform you that the Company has received communication dated 20th March, 2019 from the promoters of the Company namely M/s DBH International Private Limited ['DBHI'], M/s Bharat Starch Products Private Limited ['BSP'] and M/s Karun Carpets Private Limited ['KCPL'] wherein they have intimated that they are considering a Scheme of Amalgamation ['Scheme'] wherein DBHI, BSP and DBH Investments Private Limited ['Transferor Companies'] will amalgamate into KCPL ['Transferee Company'], subject to receipt of necessary approvals from applicable regulatory authorities, including but not limited to National Company Law Tribunal in accordance with the provisions of the Companies Act, 2013.
Please note that DBHI, BSP and KCPL are promoters of the Company and once the Scheme is approved by the shareholders of the above Transferor and Transferee Companies and by the regulatory authorities, including but not limited to National Company Law Tribunal, then the shares of our Company, held by DBHI and BSP would get consolidated in KCPL. Please note that the aggregate holding of the promoter and promoter group in the Company, either in number or percentage, before and after the Scheme, will remain same i.e. 51.90%.
You are requested to kindly take the above information on your records.
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