CIAN Agro Industries & Infrastructure Ltd Announces Scheme of Amalgamation for Approval
CIAN Agro Industries & Infrastructure Ltd has announced a scheme of amalgamation involving various private limited companies under Section 230 To 232 of the Companies Act, 2013. The amalgamation is subject to approvals from shareholders, creditors, the National Company Law Tribunal (NCLT), and other competent authorities. The companies involved are Varron Aluminiumm Private Limited, Sec-One Sales & Marketing Private Limited, Vyankatesh Engineers & Contractors Private Limited, Manas Power Ventures Private Limited, Avenzer Electricals & Infrastructure Private Limited, Manas Agro Industries & Infrastructure Limited, and CIAN Agro Industries & Infrastructure Limited. The purpose of the amalgamation is to integrate operations and expertise in diverse sectors such as spices, edible oil, personal care, home care, health care, agro, and infrastructure.
Key Highlights
- CIAN Agro Industries & Infrastructure Ltd has announced a scheme of amalgamation with six private limited companies.
- The amalgamation is subject to various approvals, including from shareholders, creditors, the NCLT, and other competent authorities.
- The companies involved are Varron Aluminiumm Private Limited, Sec-One Sales & Marketing Private Limited, Vyankatesh Engineers & Contractors Private Limited, Manas Power Ventures Private Limited, Avenzer Electricals & Infrastructure Private Limited, and Manas Agro Industries & Infrastructure Limited.
- The purpose of the amalgamation is to integrate operations and expertise in diverse sectors.
- The amalgamation is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.