With reference to above, we would like to inform that at the meeting held today, the Board of Directors of the Company based on the recommendations of the Audit Committee and the Committee of Independent Directors has considered and approved the Scheme of Merger by Absorption of the following companies:
Roselabs Finance Limited ('RFL'),
National Standard (India) Limited ('NSIL' or 'the Company') and
Sanathnagar Enterprises Limited ('SEL'):
(RFL, NSIL and SEL together referred to as 'Transferor Companies') with Macrotech Developers
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