Ras Extrusion - Merger of Ras Extrusions (REL) with Essel Propack Limited (EPL)
With reference to earlier announcement dated May 12, 2012, intimating that the Board for Industrial and Financial Reconstruction (BIFR), New Delhi, in its hearing held on May 10, 2012, had approved Modified Draft Rehabilitation Scheme including the Scheme of Merger of RAS Extrusions Ltd.(REL), with Essel Propack Ltd. (EPL), Ras Extrusions Ltd has now informed BSE that REL has merged with EPL w.e.f. April 01, 2011. The Modified Sanctioned scheme and the order will be issued by BIFR on receipt of certain clarifications.
Necessary effect has been given by EPL in its Unaudited results for the quarter/year ended March 31, 2012, and quarter ended June 30, 2012. In view of above the Unaudited quarterly results of REL for the Quarter ended on June 30, 2012, will not be published by the Company (REL).