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Members approves Scheme of Arrangement

| Updated on July 29, 2011 Published on July 29, 2011

With reference to earlier announcement regardong Notice of the Court Convened Meeting for transfer of certain assets, liabilities and properties of FMCG Exports Business Division of Hindustan Unilever Limited to Unilever India Exports Limited, Hindustan Unilever Ltd has now informed BSE that in the Court Convened meeting of the Equity Shareholders of the Company held on July 28, 2011, the Chairman had appointed Mr. R. A. Banga, Partner, Deloitte Haskins & Sells, Chartered Accountants and Mr. P. D. Vora, a shareholder as scrutineers for the said Meeting. The Scrutineers had submitted their report on July 28, 2011 to the Chairman appointed by the Court.

As per the said Report, the Resolution was approved for approval of the Scheme of Arrangement for the transfer of certain assets, liabilities and properties of FMCG Exports Business Division of Hindustan Unilever Limited to Unilever India Exports Limited.

Accordingly, the Resolution for approval of the Scheme of Arrangement for the transfer of certain assets, liabilities and properties of FMCG Exports Business Division of Hindustan Unilever Limited to Unilever India Exports Limited has been approved by the requisite majority in number and value, present and voting either in person or proxy, as required by the provisions of Section 391 to 394 of the Companies Act, 1956.

Source : BSE - >www.bseindia.com

Published on July 29, 2011
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