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Board of Suprajit Engineering considers scheme of amalgamation

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At meeting held on 13 September 2017

The Board of Suprajit Engineering at its meeting held on 13 September 2017 transacted the following -

Taken note of order passed by NCLT approving amalgamation of Pheonix Lamps with Suprajit Engineering.

Approved the allotment of 4 equity shares of Re 1 each in Suprajit Engineering for every 5 equity shares of Rs 10 each held by the minority shareholders of Pheonix Lamps as on record date of 13 September 2017. The said minority shareholders will also be eligible to receive dividend which were declared and paid by Suprajit Engineering, in terms of the scheme of amalgamation.

 

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First Published: Sep 13 2017 | 9:10 AM IST

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