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Hindustan Foods informs about outcome of board meeting

16 Mar 2020 Evaluate

Pursuant to the Regulation 30 read with Part A of Schedule Ill and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Hindustan Foods has informed that, the Board of Directors of the Company at its meeting held on today Monday, 16th March, 2020, have: Subject to approval of the Shareholders of the Company, considered and approved the Composite Scheme of Arrangement and Amalgamation under Sections 230-232 of the Companies Act 2013 ('Scheme') for (a) Demerger of Contract Manufacturing (Coimbatore) Business of Avalon Cosmetics (‘Demerged Company’ or ‘ACPL’) into Hindustan Foods (‘Resulting Company’ or the ‘Transferee Company’); amalgamation of ATC Beverages (‘Transferor Company’ or ‘ABPL’) with Hindustan Foods (‘Resulting Company’ or the 'Transferee Company’), subject to other approvals as required. The Scheme is subject to necessary statutory and regulatory approvals including the approval of National Company Law Tribunal. Enclosed as per Annexure A is the information required to be disclosed pursuant to Regulation 30 of SEBI LODR read with Securities and Exchange Board of India Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015. The Board meeting commenced at 10.30 am and concluded at 1.00 pm.

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

Hindustan Foods Share Price

537.65 -8.05 (-1.48%)
11-May-2026 11:09 View Price Chart
Peers
Company Name CMP
Grasim Industries 2947.20
DCM Shriram 1225.95
3M India 31844.95
Hindustan Foods 537.65
Balmer Lawrie & Co 194.50
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