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Fairchem Speciality Ltd - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Updated on: May 22, 2019

In compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, we wish to inform that the Board of Directors of Fairchem Speciality Limited at its meeting held today i.e. May 22, 2019, have, inter alia, considered and approved a composite scheme of arrangement and amalgamation amongst Fairchem Speciality Limited (Company or Demerged Company or Transferee Company), Fairchem Organics Limited (Resulting Company) and Privi Organics India Limited (Transferor Company) and their respective shareholders (Scheme). The aforesaid Scheme pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with the rules framed thereunder and SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017, as amended from time to time, provides inter alia for

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Source : BSE - www.bseindia.com

Published on May 22, 2019

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