On 19 February 2015
United Spirits announced that the Hon'ble High Court of Karnataka, Bangalore, at the hearing held on 19 February 2015, has sanctioned the Scheme of Arrangement ("Scheme") between United Spirits ("the Company") and Enrica Enterprises (Enrica) and their respective shareholders and creditors, in respect of hive off of the Company's unit at Poonamallee, Chennai to Enrica. The Hon'ble High Court of Judicature at Madras has already approved the Scheme and certified copy of the order has also been filed with the Registrar of Companies, Tamil Nadu by Enrica.In terms of the Scheme, the Appointed Date is 01 April 2013 and the Scheme shall become effective upon filing the certified copy of the Order of the Hon'ble High Court of Karnataka with the Registrar of Companies, Karnataka by the Company. The certified copy of the order is awaited.
The Company will take all necessary steps to make the Scheme effective / operational.
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