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Responsive Industries informs about scheme of arrangement

03 Jul 2021 Evaluate

Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), Responsive Industries has informed that the Board of Directors of Responsive Industries (Company) at their Meeting held on Friday, July 02, 2021 have, subject to the requisite statutory and regulatory approvals/ consents including the approval of Hon'ble National Company Law Tribunal, Mumbai Bench, considered and approved the scheme of amalgamation of Axiom Cordages ('Axiom'), a subsidiary of the Company with the Company (Scheme) under the provisions of sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and the Rules framed thereunder.

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

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