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Action Construction Equipment Ltd. - Corporate Action-Updates on Amalgamation/ Merger / Demerger

| Updated on February 26, 2019 Published on February 26, 2019

This is further to our letter dated November 22, 2017, wherein we had informed that the Board of Directors of Action Construction Equipment Limited (ACE or the Company) had considered and approved the Scheme of Amalgamation of Frested Limited, a wholly owned subsidiary of the Company with the Company as per the provisions of Section 230-232 & 234 of the Companies Act, 2013 (Scheme).

In this regard, we would like to inform that the Honble National Company Law Tribunal, Chandigarh Bench (NCLT) vide its order dated February 20, 2019 has approved the said Scheme.

Pdf Link: Action Construction Equipment Ltd. - Corporate Action-Updates on Amalgamation/ Merger / Demerger

Source : BSE - www.bseindia.com

Published on February 26, 2019
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