Ion Exchange (India) has informed that the Board of Directors of the company at its Meeting held on 23rd March 2023, has considered and approved a Scheme of Amalgamation (‘the Scheme’) for merger of Ion Exchange Projects and Engineering (‘IEPEL’) subsidiary Company with the Company. The Scheme is subject to necessary statutory and regulatory approvals including the approvals of the National Company Law Tribunal/other regulatory authority and the respective Shareholders of each of the companies involved in the Scheme. The company has enclosed as Annexure 1 the details required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 for the above-mentioned Scheme.
The above information is a part of company’s filings submitted to BSE.
