14 Dec 2019 | 4:59 PM

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Somany Ceramics Ltd in-principally approves amalgamation of Schablona India Ltd
  Somany Ceramics Ltd. | 13 Dec 2019 | 04:01 PM
Published on 06-18-2019
Somany Ceramics Ltd said in a filing to BSE that at the meeting of the Board of Directors of the Company held on 17th June 2019 has in-principally approved the amalgamation of Schablona India Limited and Somany Ceramics Limited.


In this regard the Board has authorized to appoint a registered valuer and obtain their report on valuation of shares & share exchange ratio and also get prepared the draft scheme of amalgamation of Schablona India Limited with Somany Ceramics Limited and the same shall be place in the next Board meeting for consideration.


It may be noted that of Schablona India Limited is listed at BSE and Somany Ceramics Limited is listed on BSE & NSE.


The Meeting of Board of Directors commenced at 11.30 A.M. and concluded at 1.10 P.M.