At meeting held on 03 January 2020
The Board of Hindustan Foods at its meeting held on 03 January 2020 has transacted the following business -The scheme of arrangement of Hindustan Foods with Avalon Cosmetics has become effective post filing of the NCLT order sanctioning the scheme on 27 December 2019 with the Registrar of Companies, Mumbai.
The Board has fixed 15 January 2019 as record date for issue of shares of the Hindustan Foods (resulting company) to the shareholders of Avalon Cosmetics (demerged company) in the ratio of 42.15:1 .
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