Excel Crop Care has informed that at the meeting of the Board of Directors of the Company held on January 02, 2014, the Board assessed prospects of the Scheme of Arrangement under Sections 391 to 394 read with Sections 78, 80, 100 to 103 of the Companies Act, 1956 between TML Industries Limited and Excel Crop Care Limited and their respective shareholders and creditors securing requisite shareholder approval. The Board has reconsidered the proposal and has decided not to pursue the Scheme.
The above information is a part of company’s filings submitted to BSE.
