Anant Raj Ltd - 515055 - Outcome of Board Meeting
Subject: Outcome of the Board Meeting held on 14th February, 2019 Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company in its meeting held today i.e. 14th February 2019, has, inter - alia, considered and approved the following:- 1. Unaudited financial results (Standalone and Consolidated Financial Results) for the quarter and nine months ended December 31, 2018 under Ind-AS alongwith Limited Review Reports, which are attached herewith. The Results are also available on website of the Company at www.anantrajlimited.com & web sites of Stock exchanges. 2. Status of the Scheme of Arrangement: The Board of Directors of the Company in its meeting held on August 29, 2018, approved the draft Composite Scheme of Arrangement for Amalgamation and Demerger ('Scheme') involving the amalgamation of Anant Raj Agencies Private Limited with and into Anant Raj Limited and immediately thereupon, demerger of 'Project Division' of the Company into Anant Raj Global Limited. The Scheme was further modified in the meeting of the Board dated October 18, 2018 to the extent of share entitlement ratio relating to the amalgamation of Anant Raj Agencies Private Limited with and into Anant Raj Limited. In terms of Regulation 37 of SEBI (LODR) Regulations, 2015, the Company has now made applications to Stock Exchanges and SEBI for their 'No Objection' to the Scheme. On receipt of the no objections/observations, it will file necessary application to the NCLT bench at Chandigarh for the approval of...14-02-2019