VIKRAM THERMO (INDIA) LTD. - Board Meeting Outcome for OUTCOME OF BOARD MEETING UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
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| 24 Sep 2021 | |
| 1. Considered to formulate Scheme of Arrangement ('Scheme') in the form of Demerger between VIKRAM THERMO (INDIA) LIMITED and VIKRAM AROMA LIMITED, a newly incorporated company under the same management. It is hereby informed that the Board of Directors considered it prudent to undertake this scheme for better synergy of operations by way of focused operational efforts, standardization and simplification of business processes, productive improvements, reduction in the number of entities thereby reducing duplication and causing rationalization of administrative expenses. The Key components of the scheme shall be discussed and approved at the subsequent meeting and shall then be disclosed.<BR> 2. Appointment of Mr Pinakin Shah as Registered Valuer for undertaking the valuation exercise to determine the share exchange ratio for the proposed scheme.<BR> 3. Appointment of M/S Kunverji Finstock Pvt. Ltd as Merchant Banker to provide Efficacy/fairness opinion.<BR> | |
| View all announcements for VIKRAM THERMO (INDIA) LTD. | Source: BSE India |
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