Gitanjali Gems has informed that the Board of Directors of the Company at its meeting held on April 21, 2015, has considered and approved the Scheme of Amalgamation of Gitanjali Exports Corporation Limited (GECL), a wholly owned subsidiary with the Company.The Scheme is subject to sanction of the Honble High Courts and all other statutory approvals as may be required under sections 391 to 394 of the Companies Act, 1956.
The above information is a part of company’s filings submitted to BSE.