SRI LAKSHMI SARASWATHI TEXTILES (ARNI) LTD. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

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29 Apr 2022
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended, we would like to inform you that the Board of Directors at their meeting held today i.e., April 29, 2022 has inter-alia considered and approved the following: 1. Scheme of Arrangement: Based on recommendation of the Audit Committee and Committee of Independent Directors meeting, the Board of Directors inter-alia considered and approved the draft Scheme of Arrangement between Sri Lakshmi Saraswathi Textiles (Arni) Limited ('the Company'/ 'the Demerged Company') and SLST Industries Limited ('the Resulting Company') where by: (a) B Mill, a Spinning Mill with installed capacity of 35,088 Ring Spindles, manufacturing yarn for weaving and knitting ('theDemerged Undertaking')situated at Raghunathapuram, Sevoor Village,Arni Taluk, Tiruvannamalai District, Tamil Nadu- 632316 will be demerged
View all announcements for SRI LAKSHMI SARASWATHI TEXTILES (ARNI) LTD.	Source: BSE India

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