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 aims to streamline operations and consolidate business lines, particularly in the data center and cloud services sector. The transaction is subject to approvals from shareholders, creditors, stock exchanges (BSE, NSE), SEBI, NCLT, and other regulatory authorities. The scheme is expected to be completed after obtaining all necessary sanctions.