Haria Exports has received board approval for composite scheme of arrangement involving demerger of garment division to Haria Appereals, the resulting company. It has also received approval for amalgamation of Best Plastex with the company. The company has received an approval at its board meeting held on June 14, 2011.
The composite scheme of arrangement is subject to approvals of shareholders, High Court and / or competent authority. The appointed date for the demerger is June 01, 2011 prior to the coming into effect the amalgamation of Best Plastex with the company and the appointed date for the amalgamation is June 01, 2011 subsequent to giving effect to the demerger of garment division.
The shareholder of the company as on the record date to be fixed shall be entitled to 127 number of equity shares of Haria Apparels for every 100 share held in the company. Similarly, the shareholder of Best Plastex as on the record date to be fixed shall be entitled to 83 number of equity shares of the company for every 100 share held in Best Plastex.
Haria Exports offers garments and note books in India and internationally. It manufactures and exports garments comprising men’s and ladies' cotton shirts, towels and napkins as well as cotton fabrics. The company also offers note books.
| Company Name | CMP |
|---|---|
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| Amrapali Industries | 35.09 |
| Adani Enterprises | 2920.25 |
| Rashi Peripheral | 558.60 |
| PDS | 306.45 |
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