Odisha Cement has informed that in connection letters both dated May 5, 2017 vide which Scheme of Arrangement and Amalgamation amongst Dalmia Bharat Limited (DBL), Dalmia Cement (Bharat) Limited (DCBL) and Odisha Cement Limited (ODCL or the Company) and their respective shareholders and creditors (Scheme) was approved by good offices. Further, the Scheme has since been sanctioned by the National Company Law Tribunal, Division Bench, Chennai (NCLT) vide its order dated April 20, 2018 and order in Form CAA7 dated May 01, 2018. The copies of the Order and the Form CAA7 are attached.The Board of Directors of the Company and other entities involved in the Scheme in their respective Board meeting(s) held on October 30, 2018, resolved and approved October 30, 2018 to be the date for implementing the Scheme (Implementation Date), with effect from the Appointed Date, January 01, 2015. Accordingly, Dalmia Bharat shall stand dissolved without winding up as per the terms of the Scheme. It is further notified that the Company has in its aforesaid Board meeting authorized the Chief Financial Officer and the Company Secretary to fix record date for allotment of shares to the shareholders of Dalmia Bharat in consultation with the stock exchanges. The trading of shares of Dalmia Bharat would stop one day prior to the record date so fixed.

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

Related Dalmia Bharat Ltd. - (Amalgamated) Links:

Dalmia Bharat-(Amalg Share Price

2438.05 0.00 (0.00%) Nov 28, 17:59
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 4077.65
ACC 1469.80
Shree Cement 20307.75
Ambuja Cement 200.55
JP Associate 2.12
View more..
Sensex vs Dalmia Bharat-(Amalg
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463