Swastika Investmart has informed that board of Directors of the Company, at its meeting held on 25th July, 2019 considered and approved a scheme of amalgamation (Scheme) pursuant to sections 230 to 232 and other relevant provisions of the Companies Act, 2013, providing for the merger of its wholly owned subsidiary Company Swastika Commodities (Transferor Company) into and with Swastika Investmart (Transferee Company). Furthermore, it is also to be noted that the proposed Scheme provides for the amendment of the Capital and Object Clauses of the Memorandum of Association of Transferee Company consequent to the merger and amalgamation of the Transferor Company into and with the Transferee Company, with effect from the Appointed Date and upon the Scheme becoming effective. The Scheme is subject to necessary statutory and regulatory approvals under applicable laws, including approval of the Honble National Company Law Tribunal, Principal Bench,Mumbai.
The above information is a part of company’s filings submitted to BSE.
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