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Triveni Engineering and Industries Ltd.

BSE: 532356 Sector: Agri and agri inputs
BSE 15:49 | 27 Mar 2018 Triveni Engineering and Industries Ltd
NSE 05:30 | 01 Jan 1970 Triveni Engineering and Industries Ltd

Triveni Engineering & Industries Limited - Regulation 44(3) of SEBI (LODR), Reg., 2015

September 6, 2016, 12:00 am | Source: NSE

Triveni Engineering & Industries Limited has informed the Exchange that at the Court Convened Meeting (CCM) held on September 03, 2016, approved unanimously the Scheme of Arrangement between the Company, Triveni Engineering & Industries Ltd. (Transferor Company) andTriveni Industries Ltd. (Resulting Company) and their respective shareholders and creditors under Sections 391-394 of the Companies Act, 1956 ( Scheme ) with the following modification proposed at the CCM--Modification in the Scheme A new sub-clause 17.3 as mentioned below is hereby inserted in Clause 17 of the Scheme 17.3 It is hereby clarified that the Transferor Company and the Resulting Company, through their respective Board of Directors, be and are hereby authorized to take all such steps as may be necessary, desirable and proper to ensure compliance with the applicable notified Accounting Standards and generally accepted accounting principles including accounting standards prescribed under the Companies (Indian Accounting Standards) Rules 2015 ('Applicable Accounting Standards'). It is further clarified that the reference to the book values under this Scheme read with clause 8.2 above, shall mean the values computed in accordance with the Applicable Accounting Standards.