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The Honble National Company Law Tribunal (NCLT), Chandigarh Bench vide its order dated 17th May, 2019 in Company Application No. CA (CAA) No. 08/Chd/Hry/2019 had directed the convening of meetings of the equity shareholders, secured creditors and unsecured creditors of Anant Raj Limited (Company) on Saturday, 6th July, 2019 for the purpose of considering, and if thought fit, approving the arrangement embodied in the Composite Scheme of Arrangement for amalgamation and demerger, involving the amalgamation of Anant Raj Agencies Private Limited (Amalgamating Company) with the Company (Amalgamated Company or Demerged Company) and immediately thereupon, demerger of the Project Division (Demerged Undertaking) of the Company into its wholly owned subsidiary i.e. Anant Raj Global Limited (Resulting Company) (Scheme) under the provisions of Section of 230-232 read with Sections 52 and 66 and other applicable provisions, if any, of the Companies Act, 2013 (Act). As per the direction of Honble NCLT and also in compliance with Securities and Exchange Board of Indias Circular No. CFD/DIL3/CIR/2017/21 dated March 10th, 2017, the meetings of the equity shareholders, secured creditors and unsecured creditors of the Company were held on Saturday, 6th July, 2019. The Chairperson appointed by the Honble NCLT has submitted his report to Honble NCLT and has simultaneously provided a copy of the Chairpersons report, along with report of the Scrutinizer appointed by the Honble NCLT to the Company for disclosure purposes and for filing of second motion petition before the Honble NCLT. As per the report of the NCLT appointed Chairperson, the equity shareholders of the Company have approved the Scheme with requisite majority. The secured creditors and unsecured creditors of the company have also approved the scheme of arrangement with requisite majority. The details of the combined voting result (i.e. result of remote e-voting, voting through postal ballot and voting at the venue of meeting i.e. physical convened meeting) as per the report of the Scrutinizer as attached with the Chairpersons report with respect to the meeting of the equity shareholders of the Company is enclosed in the form of Annexure.
Source : BSE - www.bseindia.com
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