In continuation to its earlier intimation dated 21st October, 2020, wherein it was informed that the Board of Directors of the company (‘Company/PSML/Transferor Company’) had approved the Scheme of Amalgamation of the Company with Indo Count Industries, holding Company (‘Transferee Company/ICIL’) under Section 230 to 232 read with other applicable provisions of the Companies Act, 2013 and Rules framed thereunder, subject to receipt of applicable regulatory approvals. In this regard, Pranavaditya Spinning Mills has informed that the BSE has issued its Observation /No-objection Letter dated 25th March, 2021 as required under Regulation 37 of the SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015 conveying 'No adverse observation/No-objection', to the scheme. The copy of said observation/No-objection letter is enclosed. The aforesaid letter is also being hosted on the website of the Company at https://www.pranavaditya.com/investor-relations/.
The above information is a part of company’s filings submitted to BSE.
