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Corporate Announcement

Security Code : 500147    Company : CMIFPE    
Outcome of Board Meeting 
  Exchange Disseminated Time     
CMI FPE Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2012, inter alia, has decided to examine a proposal for merger/amalgamation of CMI Industry Automation Private Limited (a wholly owned subsidiary of CMI SA) into the Company, subject to appropriate statutory and regulatory approvals.

Further, the Board has constituted a Committee for the purpose of appointing valuers, legal advisors, merchant bankers and other consultants/experts required for any issue concerning the above proposal. The Committee shall advise the Board on valuation, share exchange ratio, formulation of an appropriate Scheme and matters related thereto.


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