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Jaiprakash Associates informs about scheme of amalgamation with Jaypee Sports International

15 Sep 2015 Evaluate

Jaiprakash Associates has informed that the Hon’ble High Court of Judicature at Allahabad has sanctioned the Scheme of Amalgamation of Jaypee Sports International Limited (JPSI) (Wholly-owned Subsidiary of Jaiprakash Associates Limited) with the Company in terms of its Order dated September 14, 2015. As intimated earlier, approval of public shareholders by way of Postal Ballot/E-voting process is underway in terms of SEBIs Circular dated February 04, 2013 read with Circular dated May 21, 2013 and the result thereof shall be declared on September 28, 2015. The Company shall convene the Annual General Meeting in due course to place the Annual Accounts after giving effect to the said Scheme for which the Company has obtained the extension of time from the Registrar of Companies for holding the AGM up to December 15, 2015. The dates of Board Meeting, to consider the Consolidated Annual Accounts for the financial year 2014-15 and of the next Annual General Meeting shall be intimated in due course.

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

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