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Prime Urban Development India: Announcement under Regulation 30 (LODR)-Scheme of Arrangement


the Board of Directors of the Company has at its meeting held today i.e. on Wednesday May 25 2022 inter-alia considered and approved draft Scheme of Amalgamation pursuant to Sections 233 of the Companies Act 2013 read with Rule 25 of the Companies (Compromises Arrangements and Amalgamations) Rules 2016 providing for the amalgamation of its two wholly owned subsidiaries viz. ATL Textile Processors Limited and New Line Buildtech Private Limited with Prime Urban Development India Limited. The Scheme would be subject to the requisite statutory / regulatory approvals. The details as required under the SEBI LODR read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09 2015 is annexed herewith as Annexure C.

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