With effect from 25 June 2014
Essel Propack announced that the Board of Directors of the Company at its meeting held on 25 June 2014, inter alia, considered and approved the Scheme of Amalgamation of EP Lamitubes (wholly owned subsidiary of the Company) with Essel Propack and their respective shareholders ("the Scheme"). No shares are proposed to be issued pursuant to the said amalgamation since EP Lamitubes Limited is a wholly owned subsidiary of the Company.The aforesaid Scheme of Amalgamation shall be subject to requisite approvals of the Shareholders / Creditors of the companies, the Hon'ble High Court of Bombay and other statutory / regulatory authorities, as may be applicable.
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