Wheels India has informed that Hon’ble National Company Law Tribunal, Chennai Bench (‘NCLT’) has by pronouncement made on July 26, 2023, sanctioned the Scheme of amalgamation of Sundaram Hydraulics (‘Transferor Company’ or ‘SHL’) with Wheels India (‘Transferee Company’ or ‘WIL’) and their respective shareholders pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and rules made thereunder (‘the Scheme’). A copy of the Order of the NCLT sanctioning the Scheme (‘Order’), as uploaded on the website of NCLT, is enclosed. Further, there are certain inadvertent typo-graphical errors in the order for which the Company is making necessary request with the NCLT to have it rectified. The Scheme will be effective from the date on which the certified copy of the afore-mentioned sanction order of Hon’ble NCLT is filed with Registrar of Companies, Chennai (‘ROC’). The effective date will be communicated to the stock exchange(s) for further public dissemination as and when the sanction order is filed and the Scheme becomes effective.
The above information is a part of company’s filings submitted to BSE.
