GHCL LTD. - 500171 - Intimation Regarding Receipt Of Observation Letters From BSE Limited And The National Stock Exchange Of India Limited In Relation To The Proposed Scheme Of Arrangement Between GHCL Limited ('GHCL' Or 'Demerged Company') And GHCL Textiles Limited ('GHCL Textiles' Or 'Resulting Company') And Their Respective Shareholders And Creditors ('Scheme') Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
This is in continuation to our earlier intimation dated 16-March-2020, wherein it was informed that the Board of Directors of GHCL Limited had approved the Scheme of Arrangement involving demerger of Textiles Business Undertaking of GHCL Limited to GHCL Textiles Limited, subject to receipt of applicable regulatory approvals. In this regard, we would like to inform you that BSE Limited and the National Stock Exchange of India Limited, vide their letters dated November 19, 2020, have issued their Observation Letters as required under Regulation 37 of the Listing Regulations with ''No adverse observation/ No-objection'', to the proposed Scheme (copies attached).23-11-2020
