TCNS Clothing Co has informed that on the recommendations of the Audit Committee of the Board and the Committee of Independent Directors of the Company, the Board of Directors of the Company at its meeting held on 05th May, 2023, has considered and approved: The scheme of amalgamation by way of merger (by absorption) of the Transferor Company into Aditya Birla Fashion and Retail Limited (Transferee Company) (Scheme/ Amalgamation) as per the provisions of section 230-232 and other applicable provisions of the Companies Act, 2013 (Act), the Listing Regulations and in terms of SEBI Circular No. SEBI/HO/CFD/DIL1/CIR/P/2021/0000000665 dated November 23, 2021 (SEBI Circular), details of which are provided in Part A below; and Execution of an agreement between the Transferor Company and the Transferee Company setting out the manner of effecting the transactions envisaged in the Scheme and the rights and obligations of the parties in relation thereto (Merger Implementation Agreement/ MIA), details of which are provided in Part B below.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
PDS | 524.35 |
Vardhman Textiles | 472.85 |
Arvind | 377.70 |
Welspun Living | 143.90 |
Alok Inds | 27.63 |
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