HUBTOWN LTD. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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| 31 Jan 2024 | |
| Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 read with Schedule III, Part A, Para A, Clause 1 of SEBI (LODR) Regulations, 2015, the Directors of subsidiaries viz. Vinca Developer Private Limited, Rubix Trading Private Limited and Citygold Education Research Limited (together referred to as 'subsidiaries'), in their respective Board Meetings held on 31.01.2024 have approved the Scheme of Amalgamation of Vinca Developer Private Limited and Rubix Trading Private Limited (together referred as 'Transferor Companies') with and into Citygold Education Research Limited (referred to as 'Transferee Company') under the provisions of Section 230 to 232 of the Companies Act, 2013. The above Scheme of Amalgamation shall be subject to approval of NCLT, Mumbai Bench, creditors (if any) and shareholders of the subsidiaries and other Regulatory Authorities,if any. As per circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11.07.2023 by SEBI, the disclosures are provided in attachment. | |
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