Pondy Oxides & Chemicals Ltd has informed BSE that as per the decision taken in the Board Meeting held on October 25, 2013 to place the matter once again in the next Board Meeting with regard to the demerger, it is proposed to convene Meeting of the Board of Directors of the Company on December 18, 2013, inter alia, to consider, and approve if deemed fit, the following:1. To consider and take note of the Valuation Report received from the Independent Chartered Accountant for the proposed demerger of four undertakings of the Company to the subsidiary Company M/s. POCL Enterprises Limited.2. To consider and adopt the Share Entitlement Ratio recommended by the Independent Chartered Accountant.3. To consider and take on record the Fairness Opinion submitted by the Merchant Banker.4. To consider and approve the Scheme of Arrangement for De-Merger of the four undertakings of the Company to the subsidiary Company M/s. POCL Enterprises Limited.5. Any other subject.Source : BSE
Read all announcements in Pondy Oxides
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
