Gets confirmation order for scheme of amalgamation from Ministry of Corporate Affairs
Ravindra Energy announced that the Regional Director (SER), Hyderabad, Ministry of Corporate Affairs has passed an Order on 22 November 2017 pursuant to Section 233 of the Companies Act, 2013 and Rule 25(5) of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 confirming the Scheme of Amalgamation of Vantamuri Trading and Investments and Nandur Sugars into Ravindra Energy.Further, on registration of the Scheme by the Regional Director, Vantamuri Trading and Investments and Nandur Sugars (the Transferor Companies) Wholly-Owned Subsidiaries of the Company, are deemed to be dissolved without the process of winding up.
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