Uday Jewellery Industries has informed that the Board of Directors of the Company, in their meeting held on September 16, 2024, has considered and approved the Scheme of Arrangement for Amalgamation of Narbada Gems and Jewellery Limited (Transferor Company) with Uday Jewellery Industries Limited (Transferee Company /the Company) (Scheme), on a going concern basis, under the provisions of section 230-232 of the Companies Act, 2013.
The above-mentioned Scheme shall be subject to the approval of the BSE Limited (BSE/ Stock Exchange), Securities Exchange Board of India (SEBI), National Company Law Tribunal (NCLT), Shareholders and Creditors of both the Companies and other Specific Sectoral Regulator(s), if any. The Audit Committee has furnished its report dated September 16, 2024, to the Board of Directors of the Company recommending the Scheme.
The above information is a part of company’s filings submitted to BSE.
