Nitin Alloys Global has informed that a meeting of the Board of Directors of the Company will be held on February 06, 2016, for considering a proposal for Scheme of Arrangement between Nitin Casting Private Limited (‘NCPL’ or ‘the Demerged Company’) and Nitin Alloys Global Limited (‘NAGL’ or ‘the Resulting Company’) and their respective Shareholders (Scheme), for the demerger of Casting Business carried out by NCPL, on a going concern basis and vesting the same into NAGL under Sections 391 to 394 of the Companies Act, 1956 read with other applicable provisions of Companies Act or any amendment thereof.
The above information is a part of company’s filings submitted to BSE.
