Arshiya Limited - 506074 - Outcome Of Board Meeting Held On Saturday, December 26,2020
With reference to the captioned subject,we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. Saturday, December 26,2020, inter-alia, has considered and approved the following: 1. Approval for applying to National Company Law Tribunal (NCLT), Mumbai Bench for scheduling the meeting of the secured creditors of the Company for approval of the Composite Scheme of Arrangement between Arshiya Limited ('Demerged Company') and Arshiya Rail Infrastructure Limited ('Resulting Company'). 2. Discussed and took note of updates on Construction of Warehouse and presentation given by the JLL to Project Management Committee which was tabled at the meeting. The said Warehouse will be operational by January 15, 2021. 3. Discussed and took note on Business updates and presentation for FTWZ and Data Centre business for which Company has appointed McKinsey & Company.26-12-2020