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Adani Wilmar informs about outcome of board meeting

29 Oct 2024 Evaluate
Adani Wilmar has informed that the Board of Directors of Adani Wilmar (the Company) at its meeting held today, 29th October 2024, which commenced at 2:45 pm (IST) and concluded at 3:05 pm (IST) has decided to withdraw the draft Scheme of Arrangement between Adani Enterprises and Adani Wilmar and their respective shareholders and creditors under Section 230 to 232 and other applicable provisions of the Companies Act, 2013 for demerger of the Demerged Undertaking. The Board of Directors noted and considered that the Company is required to fulfill its compliance obligations with respect to achieving Minimum Public Shareholding (MPS) norms. During the period in which the Company is implementing the MPS strategy in accordance with the relevant SEBI Circulars, in order to offer directional clarity to the shareholders, the Company has decided to withdraw the draft Scheme of Arrangement for demerger of the Demerged Undertaking.

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

AWL Agri Business Share Price

184.70 -0.35 (-0.19%)
20-Apr-2026 16:59 View Price Chart
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