Anant Raj Ltd Board Approves Composite Scheme of Arrangement

Anant Raj Limited's Board of Directors has approved a Composite Scheme of Arrangement involving the merger of its wholly-owned subsidiary, Anant Raj Cloud Private Limited (ARCPL), into Anant Raj Limited (ARL). Following this merger, a demerged undertaking from ARL will be transferred to another wholly-owned subsidiary, Ashok Cloud Private Limited (ACPL). This scheme requires approvals from shareholders, creditors, and regulatory bodies including BSE, NSE, SEBI, and NCLT. The transaction is considered a related party transaction but is clarified as not falling under Section 188 of the Companies Act, 2013, as it arises from a scheme of arrangement.