Outcome of Board Meeting

| Updated on November 15, 2017 Published on January 10, 2012

Orchid Chemicals & Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 07, 2012, inter alia, has approved a Scheme of Amalgamation (the Scheme) for merger of Company’s wholly owned subsidiary viz. Orchid Research Laboratories Limited (‘the transferor Company’) with Orchid under the provisions of Sections 391 to 394 of the Companies Act, 1956.

The Appointed date of the Amalgamation is April 01, 2010 and the Scheme is subject to the approval of The Honble High Court of Madras. The transferor Company being a wholly owned subsidiary no fresh shares will be issued by the Company upon the Scheme coming into effect.

Source : BSE - >www.bseindia.com

Published on January 10, 2012
This article is closed for comments.
Please Email the Editor