PTL ENTERPRISES LTD. - Updates on Scheme of Demerger

With reference to the earlier letter dated December 19, 2016, PTL Enterprises Ltd has submitted to BSE the certified copy of the order dated December 16, 2016 issued by the Hon'ble High Court of Kerala on January 20, 2017 approving scheme of demerger of Medicare and Healthcare Undertaking of PTL Enterprises Limited into Artemis Global Life Sciences Limited (formerly known as PTL Projects Limited)("Scheme").<BR><BR>The Scheme was listed before the Delhi High Court on January 18, 2017 wherein it was directed that the matter shall stand transferred to the National Company Law Tribunal for hearing on February 15, 2017.