OUDH SUGAR MILLS LTD. - Outcome of Board Meeting

In compliance with the provisions of Regulation 30 and 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,read with SEBI Circular dated 30 November, 2015 bearing no. CIR/CFD/CMD/16/2015, it is hereby informed that the Composite Scheme of Arrangement between Upper Ganges Sugar & Industries Limited, The Oudh Sugar Mills Limited, Palash Securities Limited, Allahabad Canning Limited, Ganges Securities Limited, Cinnatolliah Tea Limited, Vaishali Sugar & Energy Limited, Magadh Sugar & Energy Limited and Avadh Sugar & Energy Limited and their respective Shareholders and Creditors(the Scheme') has been approved by Hon'ble National Company Law Tribunal, Allahabad bench vide order dated 2nd March, 2017.