Withdrawal of Merger of Vishal Waterworld Pvt Ltd and Vishal Retail Ltd
Vishal Retail Ltd has informed BSE that the application for withdrawal of scheme of merger of Vishal Waterworld Pvt. Ltd. and Vishal Retail Ltd. has been granted by the Hon'ble high Court of Delhi as per the order dated March 11, 2010. Accordingly the meeting of equity shareholders / secured creditors and unsecured creditors be dispense with. Vishal Retail equity shareholders to approve Scheme of Arrangement
Vishal Retail Ltd has informed BSE that pursuant to an order made on February 05, 2010, the Hon'ble High Court of Delhi has directed that a meeting of the Equity Shareholders of the Company (the Transferee Company) will be held on March 13, 2010, for the purpose of considering, and if thought fit, approving, with or without modifications, arrangement embodied in the proposed Scheme of Arrangement for Amalgamation of Vishal Waterworld Pvt. Ltd. with Vishal Retail Ltd. Vishal Retail clarifies on News Item
With reference to the news item appearing in a leading financial daily titled "TPG eyes Stake in Vishal for Rs. 250 cr", Vishal Retail Ltd has clarified to BSE that:"Company is under burden of debt and to restructure the debt burden, the proposal of the Company is under CDR mechanism. The CDR cell is reviewing the case and few meetings have happened and a consensus is still awaited.... Vishal Retail - Updates
Vishal Retail Ltd has informed BSE that Mr. Ambeek Khemka, designated as Group President of the Company, has put down his papers and is no more associated with the Company. This services have been discontinued w.e.f. February 02, 2010. Vishal Retail - Financial Results for Dec 31, 2009
Vishal Retail Ltd has informed BSE about the Financial Results for the Quarter ended December 31, 2009. Vishal Retail - Limited Review for the quarter ended Sep 30, 2009
Vishal Retail Ltd has informed BSE that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2009. Vishal Retail - Outcome of Board Meeting
Vishal Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 18, 2009, has decided to Merge a Company by the name of Vishal Water World Pvt. Ltd. with Vishal Retail Ltd. pursuant to Section 391 to 394 of the Companies Act, 1956.The Board of Directors had also took note and adopted the Scheme of Merger, Valuation Report and the Fairness Opinion on the scheme of merger. Vishal Retail - Outcome of Board Meeting
Vishal Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, has reviewed and approved the following:1. The Board of Directors has given their consent for allotment of 39,10,000 warrants convertible into Equity shares to Mr. Ram Chandra Agarwal, Chairman & managing Director of the Company.... Vishal Retail - Financial Results for Sep 30, 2009
Vishal Retail Ltd has informed BSE about the financial results for the Quarter ended September 30, 2009. Vishal Retail clarifies on news item
With reference to the news item appearing in a leading financial daily titled "'For sale' sign at Vishal, promoter may leave ", Vishal Retail Ltd has clarified to BSE that the Company's management completely firmly disagree with such statement wherein the news that the current promoter may have to completely exit, as per the structures. All such statements made are totally groundless, artificial, counterfeited and future the management plan to investigate...