VR Logo

Pneumatic Holdings: Updates on Amalgamation/ Merger / Demerger


Value Research Stock Advisor has just released a new stock recommendation. You can click here to learn more about this premium service, and get immediate access to the live recommendations, plus new ones as soon as they are issued.

Ref.: Scrip Code : 539347 Sub.: Sanctioning of the Scheme of Arrangement and Amalgamation between Kirloskar RoadRailer Limited (The Transferor Company I) and Pneumatic Holdings Limited, (The Transferor Company II) and Kirloskar Pneumatic Company Limited, (The Transferee Company) and their respective Shareholders Dear Sir / Madam This is in continuation of our letter dated 20 April 2017. This is to further inform you that, we are enclosing certified copy of the Order received from Honble National Company Law Tribunal, Mumbai Bench sanctioning the Scheme of Arrangement and Amalgamation (the Scheme) between Kirloskar RoadRailer Limited (?Transferor Company I), Pneumatic Holdings Limited (?Transferor Company II) and Kirloskar Pneumatic Company Limited (?Transferee Company) and their respective shareholders under Sections 230 to 232 and other applicable provisions the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. Request you to take this on record.