Disclosures

Amtek Auto Ltd. - Amtek Auto Limited (Company) - Disclosures Under Securities And Exchange Board Of India (SEBI) (Delisting Of Equity Shares) Regulation, 2009

| Updated on August 06, 2018

Dear Sirs,

In continuance of our letter dated July 30, 2018 as an integral part of the Resolution Plan, the Company will undertake various steps including delisting of equity shares of the Company, allotment of equity shares or debt to a subsidiary of Liberty House Group Pte Ltd or any Resolution Applicant (as defined in the Plan) (Resolution Applicant), selective capital reduction of the Company, payment to financial creditors and merger of the Resolution Applicant into the Corporate Debtor. The Resolution Plan provides an indicative procedure to complete the delisting of equity shares of the Company.

The liquidation value of the Company is insufficient to make any payment to the existing equity shareholders of the Company, however, the Resolution Applicant proposes to pay an aggregate amount of INR 2,50,00,000to the existing equity shareholders as consideration for reduction and cancellation of share capital of the Company.

Thanking you

Pdf Link: Amtek Auto Ltd. - Amtek Auto Limited (Company) - Disclosures Under Securities And Exchange Board Of India (SEBI) (Delisting Of Equity Shares) Regulation, 2009

Source : BSE - www.bseindia.com

Published on August 06, 2018

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