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Cimmco Ltd. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

| Updated on May 31, 2019 Published on May 31, 2019

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (LODR Regulations), read with SEBI Circulars No. CIR/CFD/CMD/4/2015, dated September 09, 2015 and No. CFD/DIL3/CIR/2017/21, dated March 10, 2017 (SEBI Circular), this is to inform you that the Board of Directors of Cimmco Limited (Company), at its meeting held on 30th May, 2019 (Continuation of the Board Meeting held on 29th May, 2019), has inter alia :

1. Considered and approved a Scheme of Arrangement under Sections 230 to 232, read with and other applicable/enabling provisions of the Companies Act, 2013 and provisions of other applicable laws, for amalgamation of the Company (Transferor Company No. 1- a listed subsidiary of the Transferee), Titagarh Capital Private Limited (Transferor Company No. 2- wholly owned subsidiary of the Transferee) and Titagarh Enterprises Limited (Transferor Company No. 3- a promoter group entity) with Titagarh Wagons Limited (Transferee Company). Transferee Company is a listed entity and Transferor Companies No.2 and 3 are unlisted entities.

2. The Appointed Date for the Scheme is 01/04/2019 or such other date as directed by the Kolkata Bench of the National Company Law Tribunal (NCLT).

3. The Scheme is subject to the approval of BSE Limited, the National Stock Exchange of India Limited, SEBI, shareholders and creditors of the Company and such other statutory authorities as may be required and also subject to sanction by the NCLT.

The proposed Scheme has been reviewed and recommended by the Audit Committee of the Board of Directors of the Company, at its meeting today.

Enclosed, as Annexure 1, is the relevant information in relation to the Scheme.

Pdf Link: Cimmco Ltd. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Source : BSE - www.bseindia.com

Published on May 31, 2019

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