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Gujarat NRE Coke informs about Outcome of Board meeting

26 Aug 2015 Evaluate

Gujarat NRE Coke has informed that the Board of Directors of the Company at its meeting held on August 25, 2015, has decided to seek approval of the public shareholders on the Scheme of Amalgamation of NRE Metcoke Limited and Bajrang Bali Coke Industries Limited with the Company, in terms of the SEBI circulars dated February 04, 2013 and dated May 21, 2013, to seek enabling authority from the shareholders under the provisions of Section 180(1)(a) of the Companies Act, 2013 for disposal of its Wind Mill Business, in whole or in parts, in order to comply with the requirements of the Letter of Approval of the debt restructuring package of the Company issued by Corporate Debt Restructuring (CDR) EG and to hold postal ballot exercise for the purpose of seeking aforesaid approvals of shareholders.

The above information is a part of company’s filings submitted to BSE.

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