Gallantt Metal has informed that in connection with the Scheme of Amalgamation ('The scheme') of Gallantt Ispat (GIL), AAR Commercial Company (AAR), Hipoline Commerce (Hipoline), Lexi Exports (Lexi) and Richie Credit and Finance (Richie) with Gallantt Metal (GML) and slump sale of power plant undertaking of GIL to GML (the 'Scheme') under the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with the Rules framed thereunder, the order was pronounced by the Hon'ble National Company Law Tribunal, New Delhi Bench on May 20, 2022 approving the said Scheme of Amalgamation and Slump Sale and Company has received the copy of the abovementioned order on May 24, 2022 from the Advocates of the Company and the same is enclosed.
The above information is a part of company’s filings submitted to BSE.
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