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Rossell India informs about outcome of board meeting

25 Feb 2023 Evaluate
With reference to letter dated 12th July, 2022, Rossell India has informed that based on the recommendations of the Audit Committee and vetting by the Independent Directors, the Board of Directors at its Meeting held today i.e. 25th February, 2023 has approved the Revised Scheme of Amalgamation ('Scheme') between BMG Enterprises ('Transferor Company') and Rossell India ('Transferee Company') and their respective Shareholders to capture the followings events subsequent to the approval of the Proposed Scheme by the Board: Conversion of 10,00,000 0.01% Compulsorily Convertible Preference Shares (CCPS) of Rs 10 each allotted to BMG Enterprises into 10,00,000 Equity Shares of Rs 2 each; and as directed by Stock Exchanges and SEBI, the Transferor Company sold 32,000 Equity Shares of Transferee Company through open market to fulfil the requirements of SEBI(LODR) Regulations, 2015; and other relevant details given in the enclosed letter.

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

Rossell India Share Price

53.00 0.13 (0.25%)
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