Kovilpatti Lakshmi Roller Flour Mills informs about outcome of board meeting

Kovilpatti Lakshmi Roller Flour Mills Ltd. | Consumer Food | FMCG | BSE: 507598 | NSE: KLRF

22 Aug 2022 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Kovilpatti Lakshmi Roller Flour Mills has informed that, based on the recommendation of the Independent Directors and the Audit Committee, the Board of Directors of the Company at their meeting held today, Monday, 22nd August 2022 has considered and approved the Scheme of Amalgamation of Raya Foods (Transferor Company) with Kovilpatti Lakshmi Roller Flour Mills (Transferee Company) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (‘Scheme’). The Scheme shall be subject to the requisite approval / permission / no objection / sanction of the shareholders and creditors of the respective companies, BSE, the Hon'ble National Company Law Tribunal at Chennai Bench and such other statutory and other regulatory authorities as may be required in this regard. The disclosure required under Regulation 30 read with Schedule III of the Listing Regulations and the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, are given as Annexure. It is further informed that the meeting of the Board of Directors was concluded at 12:30 pm (IST).

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