In compliance with the provisions of Regulation 30 and 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,read with SEBI Circular dated 30 November, 2015 bearing no. CIR/CFD/CMD/16/2015, it is hereby informed that the Composite Scheme of Arrangement between Upper Ganges Sugar & Industries Limited, The Oudh Sugar Mills Limited, Palash Securities Limited, Allahabad Canning Limited, Ganges Securities Limited, Cinnatolliah Tea Limited, Vaishali Sugar & Energy Limited, Magadh Sugar & Energy Limited and Avadh Sugar & Energy Limited and their respective Shareholders and Creditors(?the Scheme) has been approved by Honble National Company Law Tribunal, Allahabad bench vide order dated 2nd March, 2017.
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