Kintech Renewables has informed that with reference to earlier Intimation letter dated 28th May, 2019 regarding the approval of Scheme of arrangement in nature of Amalgamation, The Board of Directors of the Company at its meeting held today i.e. 11th June, 2019 have re-considered and approved the revised Scheme of arrangement in nature of Amalgamation between Kintech Renewables Limited and Divine Windfarm Private Limited, a Wholly owned subsidiary of the Company under section 230 to 232 of the Companies Act, 2013, which is duly reviewed and recommended by Audit Committee of the Company. The said revised Scheme is subject to necessary statutory and regulatory approvals including the approval of the National Company Law Tribunal, Ahmedabad Bench.
The above information is a part of company’s filings submitted to BSE.
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