HINDUSTAN UNILEVER LTD. - Outcome of Board Meeting - HUL Board approves 'Scheme of Arrangement' for the proposed transfer of the balance in the<BR>General Reserves to the Profit and Loss Account
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| 15 Jan 2016 | |
| Hindustan Unilever Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2016<BR>has considered and approved a Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956, between the Company and its members (Scheme) to reclassify and transfer the amounts lying to the credit of the General Reserve to the Profit & Loss Account of the Company.<BR><BR>The Scheme does not contemplate any separate benefits for the promoter/promoter group/group companies other than the eligibility as shareholders. Upon the Scheme becoming effective, there will be no change in the shareholding pattern of the Company pursuant to the Scheme.<BR><BR>In this regard, the Company has issued a copy of Press Release, titled "HUL Board approves 'Scheme of Arrangement' for the proposed transfer of the balance in the General Reserves to the Profit and Loss Account" | |
| View all announcements for HINDUSTAN UNILEVER LTD. | Source: BSE India |
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