On 20 March 2014
Simbhaoli Sugars has announced that the Audit Committee of the Board of Directors of the Company in its meeting held on 15 March 2014 has taken note of the "Valuation Report from an Independent Chartered Accountant" and recommended the Scheme of Amalgamation of the Company with M/s. Simbhaoli Spirits and the said Scheme is in the best interest of the shareholders, creditors and other stakeholders of both the Companies.The Company has scheduled a meeting of the Board of Directors on 20 March 2014, inter-alia, to consider the recommendations of the Audit Committee and to approve the draft Scheme of Amalgamation along with share entitlement ratio.
Powered by Capital Market - Live News