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Elecon Engineering Company has informed that the Board of Directors of the company at their meeting held on 1st November, 2018 have approved the Scheme of Amalgamation of Elecon Transmission International (Mauritius) with the company and their respective shareholders and creditors under Sections 230 - 234 read with other applicable provisions of the Companies Act, 2013 and rules framed there under. In accordance with Paragraph 7 of the SEBI Circular CFD/D1L3/CIR/2017/21 dated 10th March, 2017 ('the Circular') further amended by SEBI Circular CFD/D1L3/CIR/2018/2 dated 3rd January, 2018, the provisions of Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the schemes which solely provide for merger of wholly owned subsidiary with its parent company. Hence 'No Objection Letter' or 'Observation Letter' on the Scheme is not required to be obtained from the Stock Exchanges on which equity shares of the company are listed. Hence, in accordance with the provisions of SEBI Circular CFD/D1L3/CIR/2017/1 dated 10th March, 2017, Certified true copy of Resolution of Board of Director dated 1st November, 2018 approving the draft Scheme of Amalgamation under Sections 230 - 234 of the Companies Act, 2013 and Certified true copy of Scheme of Amalgamation are being filed with for dissemination of the Exchange's website.

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

Elecon Engg. Share Price

519.55 -9.95 (-1.88%)
12-May-2026 11:07 View Price Chart
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