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

| Updated on November 03, 2018 Published on November 03, 2018

The Board of Directors of Modern India Limited( the Company) at its meeting held today have considered and approved a Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013( Scheme), on the basis of approval between the Company and Modern India Free Trade Warehousing Private Limited and Modern India Property Developers Limited, wholly owned subsidiaries of the Company.

The Scheme is subject to necessary statutory and regulatory approvals including the approval of National Company Law Tribunal (NCLT).

Enclosed as per Annexure A is the information required to be disclosed pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements)Regulations,2015 (SEBI LODR) read with SEBI circular no.CIR/CFD/CMD/4/2015 dated September 9, 2015.

We request you to take the same on record.

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

Source : BSE - www.bseindia.com

Published on November 03, 2018
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