PRANAVADITYA SPINNING MILLS LTD. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

We wish to inform the exchange that in the Company Petition No. CP(CAA)/228/MB-IV/2021 in connection with Company Application No. CA(CAA)/143/MB-IV/2021 on the aforesaid scheme of amalgamation, the Hon'ble National Company Law Tribunal ('NCLT'), Mumbai Bench has approved the scheme of amalgamation (by way of merger by absorption) of the Company with Indo Count Industries Limited, Holding Company under Sections 230-232 of the Companies Act, 2013 vide its order dated 3rd October, 2022. A copy of the said order, uploaded on the NCLT website today i.e. on 3rd October, 2022 is enclosed herewith. The Scheme shall come into effect, upon filing of certified true copy of the order with the Registrar of Companies. This intimation is given under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.