Inox Green Energy Services Ltd [13-Nov-2024]

Remarks:Inox Green Energy Services Ltd

The Board in its meeting held on 13th November, 2024 has considered and approved the Scheme of Arrangement Based on the recommendation of the Audit Committee and the Committee of Independent Directors, the Board has considered and approved the Scheme of Arrangement between Inox Green Energy Services Limited ('IGESL' or 'Inox Green' or 'Demerged Company' or 'the Company') and Resco Global Wind Services Limited ('Resco' or 'Resulting Company') and their respective shareholders (the 'Scheme'), which provides for demerger of Power Evacuation Business of the Company into the Resulting Company

Wim Plast Ltd [12-Nov-2024]

Remarks:Wim Plast Ltd.

Board of Directors of the Company ('the Board') at its meeting today, i.e. November 12, 2024, has considered and approved the Scheme. The proposed Scheme inter alia provides for: The demerger, transfer and vesting of the Manufacturing Business of WPL into CCPPL on a going concern basis, and issue of equity shares by the Company to the shareholders of WPL (other than the shares held by the Company), in consideration thereof. Brief details of the division to be demerged The manufacturing business of WPL consisting of manufacture of moulded furniture, extrusion sheets, air coolers, dustbins, industrial pallets and industrial and engineering moulds ('Manufacturing Business'). Turnover of the demerged division and as percentage to the total turnover of the listed entity in the immediately preceding financial year / based on financials of the last financial year The turnover of the demerged division i.e. Manufacturing Business of WPL for six months period ended September 30, 2024 is INR 168.54 Crore and for the financial year 2023 - 24 is INR 342.84 Crore. The turnover of the Manufacturing Business is 89.39% to the total turnover of WPL for six months period ended September 30, 2024 and for the financial year 2023 - 24 is 93.28% Rationale for demerger The proposed demerger pursuant to this Scheme is expected, inter alia, to result in following benefits: a) creating a dedicated manufacturing vertical pursuant to demerger of Manufacturing Business from WPL to CCPPL will enable a focused attention on the Manufacturing Business, which will lead to increased efficiencies and generate synergies amongst the various manufacturing businesses owned by CWL and better resource allocation, resulting in enhancement of shareholders' value b) the shareholders of WPL (other than CWL) will be allotted shares of CWL and therefore, they will become shareholders of a larger branded consumer products business with multiple growth avenues and at the same time, will continue to participate in the Manufacturing Business; and c) pursuing growth in the respective business verticals with focused management approach and de-risking the businesses from each other. For the demerger, transfer and vesting of the manufacturing business of WPL into CCPPL on a going concern basis, the Company shall issue and allot on a proportionate basis to each shareholder of the Company (other than the shares held by CWL) whose name is recorded in the register of members and records of the depository as members of WPL as on the Record Date (as defined in the Scheme), as under: 55 (Fifty - Five) fully paid-up equity share of INR 5/- (Indian Rupees Five only) each of CWL ('CWL New Equity Shares for Demerger'), credited as fully paid up, for every 100 (Hundred) equity share of INR 10/- (Indian Rupees Ten only) each of WPL. The share exchange ratio has been arrived based on Share Exchange Ratio Report issued by KPMG Valuation Services LLP, a Registered Valuer. Further, a fairness opinion report on the share exchange ratio is provided by Ernst & Young Merchant Banking Services LLP, Independent SEBI Registered Category - 1 Merchant Banker. Whether listing would be sought for the resulting entity The Company is considered as the resulting entity under the provisions of the Income Tax Act, 1961. The equity shares issued by the Company as consideration for the demerger will be listed on the stock exchanges on which the shares of the Company are listed i.e. the BSE Limited and the National Stock Exchange of India Limited.

Prima Plastics Ltd [12-Nov-2024]

Remarks:Prima Plastics Ltd.

This is to inform you that the Board of Directors of the Company at its meetings held today i.e November 12, 2024 and on basis of the recommendation of the Audit Commitee and Commitee of Independent Directors, has approved the Scheme of Arrangement. The details are attached herewith.

Inox Leasing & Finance Ltd [29-Oct-2024]

Remarks:Inox Leasing & Finance Ltd.

Composite Scheme of Arrangement involving the Company.

Delta Corp Ltd [24-Sep-2024]

Remarks:Delta Corp Ltd.

Outcome of Board Meeting - Scheme of Arrangement