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NCLT Approves Scheme of Arrangement Between Vinay Cements and Dalmia Cements (North East) Subsidiaries

The Hon'ble National Company Law Tribunal, Guwahati Bench ('NCLT') has approved the Scheme of Arrangement between Dalmia Cement (North East) Limited ('Transferee Company') and Vinay Cement Limited ('Transferor Company'), subsidiaries of Dalmia Bharat Limited. The Scheme involves demerger and transfer of the cement and mining business operation undertaking of the Transferor Company to the Transferee Company, with effect from March 31, 2023. The Company is not a party to the Scheme and no shares are proposed to be issued by/ to the Company. Both subsidiaries shall continue to remain subsidiaries of the Company post effectiveness of the Scheme. The Scheme will be effective upon completion of legal formalities including filing of the certified true copy of the Order by Transferor & Transferee companies with the Registrar of Companies, Guwahati.

• NCLT approves Scheme of Arrangement between Vinay Cements and Dalmia Cements (North East) subsidiaries
• Scheme involves demerger and transfer of cement and mining business operation
• Transferor Company is a subsidiary of Dalmia Bharat Limited
• Transferee Company is a material subsidiary of Dalmia Bharat Limited
• Scheme to be effective upon completion of legal formalities