Mahindra Composites: Updates on scheme of amalgamation

Mahindra Composites Ltd has informed BSE that a petition was filed before the Hon’ble High Court of Judicature at Bombay for sanctioning the Scheme of Amalgamation of Mahindra Composites Limited (the Company) with Mahindra CIE Automotive Limited (formerly known as Mahindra Forgings Limited) in terms of Sections 391 and 394 of the Companies Act, 1956. The petition was admitted by the Hon'ble High Court on August 01, 2014 and the aforesaid petition is fixed for hearing on September 19, 2014.In this regard, pursuant to order dated August 01, 2014 of Hon’ble High Court, the Company has dispatched the notices of hearing of the petition to its Secured Creditors and the Unsecured Creditors and also published the said notices in the newspapers dated August 13, 2014.Source : BSE

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