GLOSTER LTD - Outcome of Board Meeting

Gloster Ltd - Outcome of Board Meeting

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29 Mar 2016
Gloster Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 29, 2016, has considered and approved the proposal of the amalgamation of Gloster Limited with Kettlewell Bullen & Company Limited ("Kettlewell") with effect from January 01, 2015 in terms of a draft Scheme of Amalgamation tabled before the Board under Sections 391-394, of the Companies Act, 1956 or under Section 230-234 of the Companies Act, 2013 and other applicable provisions, if any, of the Companies Act, 1956 and/or Companies Act, 2013 ("Scheme") . The Board of Directors of Kettlewell has also in their Board meeting held on March 29, 2016, approved the said Scheme. The Scheme shall be subject to the approval of the Stock Exchange, shareholders and the Hon'ble High Court of Calcutta and other authorities as may be required under applicable law.
View all announcements for Gloster Ltd	Source: BSE India

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