Century Plyboards (India): Announcement under Regulation 30 (LODR)-Scheme of Arrangement | Value Research

Century Plyboards (India): Announcement under Regulation 30 (LODR)-Scheme of Arrangement

In compliance with Regulation 30 read with Schedule III of the SEBI LODR Regulations we wish to inform that the Board of Directors of the Company (the Board) at its meeting held today i.e. July 20 2022 has considered and approved the Scheme of Arrangement between the Company and its wholly owned subsidiary i.e. Century Infra Limited (Transferee Company) and their respective shareholders and creditors which inter alia provides for the transfer and vesting of the Container Freight Station Services Undertaking (as defined in the Scheme) from the Company to the Transferee Company as a going concern on slump sale basis and in consideration thereof the Transferee Company shall issue its equity shares to the Company. The equity shares of the Transferee Company are not listed on Stock Exchanges.In terms of the SEBI LODR Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9 2015 we are furnishing herewith the details of the Scheme as Annexure- I.

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