At meeting held on 09 March 2021
The Board of National Peroxide at its meeting held on 09 March 2021 has approved the composite scheme of arrangement amongst National Peroxide (transferee / demerged company) and Naperol Investment (transferor company) and NPL Chemicals (resulting company) and their respective shareholders and creditors. The scheme includes -1. demerger, transfer and vesting of the Demerged Undertaking (as defined in the Scheme) from the Demerged Company into the Resulting Company, on a going concern basis, and in consideration thereof, the Resulting Company shall issue its equity shares to equity shareholders of the Demerged Company in the same proportion as their holding;
2. amalgamation of the Transferor Company with the Transferee Company; and
3. reduction of entire share capital of the resulting company held by the demerged company.
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