CENTURY PLYBOARDS (I) LTD. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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| 20 Jul 2022 | |
| In compliance with Regulation 30 read with Schedule III of the SEBI LODR Regulations, we wish to inform that the Board of Directors of the Company ('the Board') at its meeting held today, i.e. July 20, 2022, has considered and approved the Scheme of Arrangement between the Company and its wholly owned subsidiary i.e. Century Infra Limited ('Transferee Company') and their respective shareholders and creditors, which inter alia provides for the transfer and vesting of the Container Freight Station Services Undertaking (as defined in the Scheme) from the Company to the Transferee Company, as a going concern, on slump sale basis, and in consideration thereof, the Transferee Company shall issue its equity shares to the Company. The equity shares of the Transferee Company are not listed on Stock Exchanges.In terms of the SEBI LODR Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, we are furnishing herewith the details of the Scheme as Annexure- I. | |
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