Vardhman Textiles has informed that pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, if any, the Board of Directors (Board) of the Company in its meeting held on 27th May, 2020 has approved, subject to necessary statutory and regulatory approvals under applicable laws, including approval of the National Company Law Tribunal(s), a Scheme of Amalgamation among VMT Spinning Company (Transferor Company 1) and Vardhman Nisshinbo Garments Company (Transferor Company 2) with and into the Vardhman Textiles (Transferee Company) and their respective shareholders and creditors under Section 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013.
The above information is a part of company’s filings submitted to BSE.
